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India's Tata Elxsi misses Q4 profit estimates as media vertical blips

Indian engineering and technology services firm Tata Elxsi reported a smaller-than-expected fourth-quarter profit on Tuesday amid lower discretionary spending in the sector and persisting tepid...

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Top News Today On April 23: SC Schools Patanjali, JNK India IPO Opens, Tesla Quarterly Results And More

Top News Today On April 23: SC Schools Patanjali, JNK India IPO Opens, Tesla Quarterly Results And More
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Tata Elxsi Share Price: Tata Elxsi rises 0.42% as Sensex climbs

The stock traded at a P/E multiple of 58.36, while the price-to-book value ratio stood at 17.8.

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Tata Elxsi Share Price: Tata Elxsi shares drop 0.36% as Sensex rises

On the technical charts, the RSI of the stock stood at 38.74.

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Tata Elxsi Share Price: Share price of Tata Elxsi falls as Sensex gains 194.78 points

Promoters held 43.92 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 15.02 per cent and 2.7 per cent, respectively.

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Tata Tech-BMW JV is good, but not enough

While this partnership undoubtedly opens up new avenues for growth and diversification for Tata Technologies, it is not a panacea for the company's broader challenges

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