Espresso Shot of the Day - Tata Elxsi Ltd up by 9.58 percent

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Espresso Shot of the Day - Tata Elxsi Ltd up by 9.58 percent

January 19, 2022
Espresso Shot of the Day - Tata Elxsi Ltd up by 9.58 percent

Tata Elxsi Ltd. 6980.65  (+9.58%) BSE – INE670A01012 | Jan 19, 2022


Tata Elxsi commenced its business on May 5, 1989, in Bangalore, the Silicon Valley of India, to develop and promote applications of electronics, embedded systems and software. The mission was to foster innovation in the fast-emerging IT market and accelerate the adoption of leading-edge technologies. Today, Tata Elxsi is recognized as a premium engineering service provider worldwide and among the leaders in the automotive, media, broadcast, communications and healthcare industries. Tata Elxsi brings together the best technology and user-centric design expertise to help customers deliver innovative solutions and great consumer experiences. Their integrated design and technology teams help enterprises re-imagine their products and services – from strategy, consumer research and insights, to service and experience design, technology implementation, integration, launch and beyond.


Recent Drivers

  • On Jan 19, 2022, the company reported net sales at Rs 635.41 crores in Dec 2021, up 33.18% from Rs 477.1 crores in Dec 2020.
  • On Jan 19, 2022, the company reported quarterly net profit at Rs 150.95 crores in Dec 2021, up 43.49% from Rs 105.2 crores in Dec 2020.
  • On Dec 23, 2021, the company announced it was upgrading its customer experience by boosting product quality in each area and looks forward to tracking the metaverse trend.
  • On Dec 7, 2021, Tata Elxsi announced that it has been ranked in the Leadership Zone across multiple sectors in the latest Zinnov Zones for ER&D Services – 2021
  • On Nov 2, 2021, Tata Elxi and Green Hills Software, the worldwide leader in embedded safety and security, announced their collaboration for a Driver Monitoring System.
(Sources: Moneycontrol, ET CTO, Business Standard, CISION PR Newswire)


Technical Force*               

  • S&P BSE 200 month till date gain up by 3.21%
  • Traded on all-time-high value: 7171.15
  • 3 months avg. NSE volume: 215,555
  • Quantity traded: 1, 30,270 | Deliverable quantity: 24,716 (18.97%)
  • Stock price has jumped more than 195% from one-year-low level: 2410.25 (Jan 25, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 7171.15 | 52-week-low: 2410.25


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

12761.20

9770.60

7819.20

4828.60

2877.20

-

-

     -

Fibonacci Pivot

9770.60

7882.76

6716.44

5965.26

4828.60

3691.94

2940.76

1774.44

     -


Today’s Close

6980.65

SMA

BSE

10 DAY

6218.55

20 DAY

5968.84

50 DAY

5987.93

200 DAY

4829.59


Some Key Ratios (Source: BSE)

Market Cap: 43,473 crores

PE: 86.11

OPM%: 34.21

ROE%: 35.57

Promoters holding%: 44.32

Prev. Close: 6370.5


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.