Improvement in revenue and profitability have aided the stock. Tata Elxsi has been bettering its financials steadily over the last three quarters. The profits of its high-margin software development division (88 per cent of revenues) and low-margin system integration offering improved in the December quarter. The company’s revenue was up 28 per cent over the corresponding period in 2012-13 to ₹200 crore, while net profit grew nearly one-and-half times to ₹22 crore. A tight rein on expenditure also helped profitability.
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590.00
+71.55 (13.80%)
We made a buy call on Tataelxi after it declared the result.
There are so many shares in NSE that showing good fundamentals and still ignored.
When we asked our customers to buy the shares, some where not interested to buy this mid cap as they were
in love affair with blue chips. But the shares showed..Our Portfolio is super rich by Tata elxi and Voltas
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