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Tata Elxsi Stock Jumps 14% In Two Sessions

Shares of Tata Elxsi Ltd. rose as much as 4.83% to Rs 7,314.1 apiece. The stock has risen nearly 14% over the last two sessions.

  • The company reported sequential growth in net profit and revenue in the quarter-ended December, post market hours Tuesday.
  • Of the five analysts tracking the company, one maintained ‘buy’, one ‘hold’ and three ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 27%.
  • Trading volume on the stock was ten times the 30-day average volume at this time of the day. The relative strength index on the stock is at 78, suggesting it may be overbought.

Source: Bloomberg