Hey there! So, I’ve got some news about TATA Group’s IT Programming division, TATA Group Elxsi. They’ve announced that their upcoming shareholder meeting is scheduled for April 23, 2024. During the meeting, they’ll be discussing the company’s profits for the fiscal year 2023-24, as well as reviewing the results for the quarter that ended on March 31, 2024.
Now, if you’re interested in TATA Group Elxsi’s stock, you might wanna know that it’s currently being traded at Rs 7927.15 per share on the BSE. And get this, over the past 10 years, their shares have actually given a whopping return of 2758%! That’s pretty impressive, right?
Speaking of shares, Prabhudas Lilladher, a well-known investment firm, has recommended buying TATA Group Elxsi shares, with a target price of Rs 9000 per share. Seems like they’ve got some high hopes for the company!
Oh, and here’s an interesting tidbit: The state-owned Life Insurance Corporation of India (LIC) actually has a 1.97% stake in TATA Group Elxsi. They hold a total of 1,226,008 shares in the company. It’s always intriguing to see big players like LIC getting involved, don’t you think?
TATA Group Elxsi is Taking Financial Results into Consideration, Not Just Profit: According to the recent filing by TATA Group Elxsi, “In accordance with Guideline 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of TATA Group Elxsi Limited (‘the Company’) will be held on Tuesday, April 23, 2024, inter alia, to discuss:”
The goal of this meeting is to evaluate the company’s financial outcomes, in addition to its profit.
“The Financial Results of the Organization for the quarter and year ended on March 31, 2024
Please provide details of any profits made on the company’s shares for FY 2023-24.”
TATA Group Elxsi Maintains Impressive Profit History: This IT powerhouse has announced 24 profits since June 21, 2001. In the past year, TATA Group Elxsi recorded a profit of Rs 60.60 per share. With the current share price at Rs 7922.4500, the IT stock has a profit yield of 0.76%, as reported by Trendlyne.
TATA Group Elxsi’s Bonus Issue: The company has only announced one bonus issue so far, back on September 18, 2017. It was in the ratio of 1:1, with the ex-bonus date set as September 18, 2017.
TATA Group Elxsi Offer Execution: The stock has been trading at a high price of Rs 9191.10 per share in the past 52 weeks, while its lowest price was Rs 6048.35 per share during the same period. The market capitalization is Rs 49,367.47 crore. Over the last 90 days, TATA Group Elxsi shares have dropped by up to 7.67%, but they have also seen an 8.56% increase in the past six months. In the last year, the shares have provided a return of 31%. Over a three-year period, TATA Group Elxsi shares have gained an impressive 167%.
Prabhudas Lilladher Gives Purchase Rating: The well-known business firm Prabhudas Lilladher has a positive outlook on TATA Group Elxsi shares and has set a target price of Rs 9000 per share.
About: TATA Group Elxsi kickstarted its business on May 5, 1989, in Bangalore, also known as the Silicon Valley of India. Their goal was to create and advance the use of gadgets, embedded systems, and software. The mission was to foster growth in the rapidly emerging IT market and accelerate the adoption of cutting-edge technologies, as stated on the company’s website.
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