Home / Markets / News / Tata Elxsi jumps 7% as FPIs hike stake in Q3; stock surges 177% in 6 months

Tata Elxsi jumps 7% as FPIs hike stake in Q3; stock surges 177% in 6 months

In the past two quarters, FPIs have increased their stake in the company by 2.08 percentage points

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Tata Elxsi last week reported strong Q3FY21 results with double-digit quarter on quarter (QoQ) revenue growth and industry-leading operating margins

SI Reporter Mumbai

2 min read Last Updated : Jan 18 2021 | 10:27 AM IST

Shares of Tata Elxsi rallied 7 per cent to Rs 2,534 on the BSE on Monday, in an otherwise weak market, after foreign portfolio investors (FPIs) increased their stake in the company by nearly one percentage points during the October-December quarter (Q3FY21).

In the past two quarters, FPIs have increased their stake in Tata group information technology (IT) software products company by 2.08 percentage points. In comparison, the S&P BSE Sensex was down 0.51 per cent at 48,783 points at 10:02 am.

The stock hit a record high of Rs 2,576 on January 14, 2020. In the past one month,

Topics : Tata Elxsi Buzzing stocks FPIs Markets Sensex News shareholding

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