This Tata Group Multibagger Stock Hits Fresh 52-Week High Today: Check Details

Shares of Tata Elxsi in intra-day trade on March 28, 2022 hit a fresh 52 week high of Rs. 9160 apiece on the NSE. In the last 2 trading sessions, the stock has gained over 20% from Thursday's (March 24, 2022) closing price of Rs. 7606.9 apiece. On the BSE, the stock made a fresh 52 week high of Rs. 9160.95.

The stock is a multibagger scrip from the pack of Tata group companies with 1-year return at 240%, while in the last 1-month the stock has gained 40%- outperforming Nifty 50 index which gained 2.55% during the same time.

The stock is trading above its 50 and 100 days simple moving average placed at 7103.93 and 6530.77, respectively. These levels shall act as crucial support zones in the near term.

Tata Elxsi is a fundamentally strong stock with quarterly net profit growth YoY. In the December quarter of Fy22, the company's net profit came in at Rs. 150.95 crore as against Rs. 105.20 crore in the same quarter a year ago. Furthermore, it is a debt free stock with a high P/E.

About Tata Elxsi: The mid cap company offers system integration and software development services. The company is the globally leading provider of design and technology services spanning industries such as media, communications, transportations and medical devices and healthcare.