Tata Elxsi Ltd tumbles more than 3%

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Tata Elxsi Ltd tumbles more than 3%	Share Back
(13:35, 19 Jul 2019)
Tata Elxsi Ltd fell for a fifth straight session today. The stock is quoting at Rs 708.8, down 3.18% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 1.29% on the day, quoting at 11446.75. The Sensex is at 38392.15, down 1.3%.Tata Elxsi Ltd has eased around 17.06% in last one month.Meanwhile, Nifty IT index of which Tata Elxsi Ltd is a constituent, has eased around 5.65% in last one month and is currently quoting at 15498.45, down 0.66% on the day. The volume in the stock stood at 18.12 lakh shares today, compared to the daily average of 9.72 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 707.55, down 3.6% on the day. Tata Elxsi Ltd tumbled 49.17% in last one year as compared to a 3.96% rally in NIFTY and a 4.72% spurt in the Nifty IT index. The PE of the stock is 16.98 based on TTM earnings ending June 19.
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