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Tata Elxsi Share: Share of Tata group company crosses Rs 10,000, returns 145% in 1 year

Tata Elxsi Share Price: Shares of Tata Group company Tata Elxsi, which gave multibagger returns to investors in Friday’s trading session, created history. Due to heavy buying in the stock, the share of Tata Elxsi went beyond Rs 10,000. This is the first time that the Tata Elxsi stock has managed to cross the Rs 10,000 mark.

140 percent return in one year
The share of Tata Elxsi opened at the level of Rs 9500 in the morning and on seeing it crossed the level of Rs 10,000 and rose by more than 6 per cent to Rs 10,100. Let us tell you that a year ago the share of Tata Elxsi was trading at Rs 4,110. That is, from that level the stock is giving a return of 145 percent. At the same time, the share of Tata Elxsi has jumped 26 percent in the last one month. The market capitalization of Tata Elxsi with a face value of Rs 10 share is Rs 62,921 crore.

What does Tata Elxsi do?
Tata Elxsi provides Engineering, Research Development Services for Transportation, Media Broadcasting, Healthcare verticals. 75% of the company’s services come from abroad. The revenue of Tata Elxsi in the first quarter of 2022-23 has been Rs 726 crore, which is 6.5 percent more than the previous quarter and 30 percent higher than the year-ago quarter. The company’s profit has been Rs 185 crore in the first quarter of this financial year.

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