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Tata Elxsi hits 52-week low after weak Q1 numbers
Tata Elxsi declined 4.1% to Rs 781.55 at 12:07 IST on the BSE after net profit declined 31.56% to Rs 48.79 crore on a 10.71% fall in net sales to Rs 361.71 crore in Q1 June 2019 over Q4 March 2018.
Meanwhile, the S&P BSE Sensex was up by 122.7 points or 0.31% to 39,253.88.
On the BSE, 1.83 lakh shares were traded in the counter so far compared with average daily volumes of 34000 shares in the past two weeks. The stock hit a high of Rs 814 in intraday today. The stock hit a low of Rs 778.4 in intraday today, which is also a 52-week low for the counter. The stock hit a 52-week high of Rs 1491.75 on 26 July 2018.
Tata Elxsi is the product design arm of the multi-billion Tata Group. The company provides system integration and software development services in the information technology field.
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