– Tata Elxsi Ltd shares surged 17.72% in a single day, settling 16.26% higher at Rs 8,970.35
– The stock gained 26.58% in just two trading days
– High trading volume with around 4.81 lakh shares changing hands
– Market capitalization stood at Rs 55,864.15 crore
– Tata Elxsi is a subsidiary of Tata Sons providing design and technology services across industries
– Technical support at Rs 8,600 level and further upside if closing above Rs 9,100
– Trading range expected between Rs 8,000 and Rs 9,400 in the short term
– Stock higher than multiple simple moving averages and RSI at 89.40, indicating overbought conditions
– P/E ratio of 61.02, P/B ratio of 19.18, EPS at 126.45, and RoE of 31.43
– Promoters hold 43.92% stake in the company