Tata group stock: Shares of Tata Group’s IT company Tata Elxsi fell by 2.6% intraday on BSE on Thursday, July 11. The intraday low price of the company’s share is Rs 6930.45. Whereas, intraday high is Rs 7040. This is 1% less than Wednesday’s closing price of Rs 7118.80. Let us tell you that the fall in the share price has come a day after the announcement of Q1FY25 results by Tata Elxsi. In fact, Tata Elxsi reported a 3% year-on-year decline in net profit at Rs 184 crore for the first quarter ended June 2024. In the last year period it was Rs 189 crore. Meanwhile, its revenue from operations rose 9% to Rs 926 crore in the period under review, compared to Rs 850 crore in the same period last year.
Tata Elxsi Share Price Target
Brokerage firm Incred Equities has reduced the rating of this Tata stock in its July 11 report. The brokerage house has set the target price of Tata Elxsi at Rs 6,064. Let us tell you that Tata Elxsi shares have remained volatile in recent months. Tata Elxsi shares have fallen 19.81% in the last six months compared to the BSE IT index’s positive return of 7.98%. The stock is down 13.10% over the past two years. However, in the long run the shares have given returns of up to 728% in the last five years. The 52 week high price of the stock is Rs 9,191.10 and the 52 week low price is Rs 6,406.60. Its market cap is Rs 43,327.59 crore.
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Tata Elxsi Dividend
Tata Elxsi declared final dividend of Rs 70 per share for FY24. Its last date is July 25, 2024. Earlier on July 6, 2023, the company had declared a dividend of Rs 60.60 per share.
