 "Tata Elxsi nears record high; surges over 30% post Q3 results")
Tata Elxsi was trading higher by nearly 2% at Rs 2,278, extending its over 30% rally in past seven trading sessions on the BSE, after it reported 40% year on year (yoy) rise in its net profit at Rs 39.90 crore for the quarter ended December 31, 2015 (Q3FY16).
Tata Group Company engaged in information technology software products business had profit of Rs 28.59 crore for the same quarter in the previous year. Total income during the quarter under review increased 24% to Rs 275 crore on yoy basis.
The company reported profit of Rs 114 crore for the first nine months (April to December) of current fiscal against Rs 73 crore in the same period last fiscal. It had profit of Rs 103 crore in the entire previous fiscal FY15.
The stock hit an intra-day high of Rs 2,320, is less than 1% away from its record high of Rs 2,330 touched on BSE on December 23, 2015.
Post Q3 results, the stock rallied 36% from Rs 1,705 on January 20, 2016 as compared to 3.4% rise in the S&P BSE Sensex.
Till 09:53 AM, a combined 565,786 shares changed hands on the counter on the BSE and NSE.
Tata Group Company engaged in information technology software products business had profit of Rs 28.59 crore for the same quarter in the previous year. Total income during the quarter under review increased 24% to Rs 275 crore on yoy basis.
The company reported profit of Rs 114 crore for the first nine months (April to December) of current fiscal against Rs 73 crore in the same period last fiscal. It had profit of Rs 103 crore in the entire previous fiscal FY15.
The stock hit an intra-day high of Rs 2,320, is less than 1% away from its record high of Rs 2,330 touched on BSE on December 23, 2015.
Post Q3 results, the stock rallied 36% from Rs 1,705 on January 20, 2016 as compared to 3.4% rise in the S&P BSE Sensex.
Till 09:53 AM, a combined 565,786 shares changed hands on the counter on the BSE and NSE.