Chart Of The Day – Tata Elxsi Rockets To An All-Time High

Tata Elxsi entered new high ground today on the back of solid Q1 earnings. Revenue was up 18%, whereas net profit rose 41%. EBITDA margin was strong as it expanded 260 bps to 27.9 %. The stock jumped 6.3% in today’s session. It is currently trading 16% above its pivot price of Rs 1,259.90.

Tata Elxsi