News for Tata Elxsi Limited (TATAELXSI.BO)

In 2025, the Tata Group faced a severe stock market decline, erasing ₹8.2 lakh crore in market cap across 24 companies, primarily due to heavy FII selling. Major companies like TCS and Tata Motors experienced significant losses. However, experts suggest long-term investment opportunities may arise, despite likely short-term volatility.

Starting February 28, 2025, 16 stocks including United Breweries and PVR Inox will exit the derivatives segment, trading only in the cash market. February 27 is the last day to trade their F&O contracts. The exclusion follows the December 20 announcement by NSE.

Data available from ACE Equity shows that the Indian equity benchmark BSE Sensex, has slipped 12% from its 52-week high of 85,978

The Relative Strength Index of the stock stood at 43.22 on Thursday.

The stock quoted a 52-week high of Rs 9082.90 and a 52-week low of Rs 5924.00.

A total of 7,443 shares changed hands on the counter till 12:02PM (IST).

The stock quoted a 52-week high price of Rs 9082.90 and low of Rs 5924.00.

The stock traded at a P/E multiple of 46.87, while the price-to-book value ratio stood at 19.34.

As of 31-Dec-2024, promoters held 43.91 per cent stake in the company, while FIIs held 13.27 per cent and domestic institutional investors had 1.87 per cent.

Indian markets closed lower due to selling in financial, energy sectors, and concerns over rising crude prices and a strong dollar. IT stocks like TCS showed resilience. US and European markets also faced declines due to inflation concerns after strong jobs data. Market sentiment remains bearish, with potential further declines for Nifty.

A total of 85,158 shares changed hands on the counter till 02:14PM (IST)

In the Nifty 50 index, 19 stocks were trading in the green, while 31 stocks were trading in the red.

Atlas Cycles, Indo Thai Sec, IRIS Business Services, Power & Instrument and Lloyds Metals, hit their fresh 52-week highs at 11:11AM.

The NSE Nifty index was trading 24.21 points down at 23502.3

In the Nifty pack, 14 stocks were trading in the green, while 36 stocks were trading in the red.

Shriram Finance, NTPC, Adani Ent., BEL and Hindalco were among the top losers on NSE.

The Nifty Realty index was trading 1.67 per cent at 974.20.

Tata Elxsi's Q3 performance was weak, missing moderate expectations. Weakness was across verticals with a modest uptick in the healthcare vertical, while the transportation and media verticals were muted.

The Nifty Auto index was trading 1.46 per cent at 22964.90.