Business Standard

Tata Elxsi rallies 13% to hit new high on strong Q3 results

The company reported ₨ 635.4 crores of revenue from operations for Q3FY22, a growth of 6.7 per cent from the previous quarter.

Tata Elxsi plans to drive growth through acquisitions
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SI Reporter Mumbai
Shares of Tata Elxsi hit a new high of Rs 7,171 on rallying 13 per cent on the BSE in Wednesday’s intra-day trade after the company delivered another quarter of strong and consistent growth, with 33.2 per cent year-on-year revenue growth and profit after tax (PAT) growth of 43.5 per cent in the December quarter. 

The stock surpassed its previous high of Rs 6,780 touched on November 15, 2021. At 11:47 pm, it was up 12 per cent at Rs 7,152, as compared to 0.77 per cent decline in the S&P BSE Sensex. The trading volumes on the counter jumped nearly

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