Shares of Tata Elxsi opened in green in the bullish market on Tuesday. The counter opened at Rs 7955.15 on the BSE and jumped 1.74 per cent to touch the day’s high of Rs 8065.70 as the BSE Sensex breached the historic 75,000 mark for the first time ever in early trade and the Nifty climbed to its fresh new record peak. The scrip had closed at Rs 7927.15 on Monday.
Tata Elxsi Dividend 2024
Shares of Tata Elxsi, which has a market cap of Rs 49,490 crore, are in focus as the company has informed exchanges that a meeting of the board of directors of the company is scheduled later this month during which the board may recommend dividend.
“A meeting of the Board of Directors of Tata Elxsi Limited (‘the Company’) will be held on Tuesday, April 23, 2024, inter alia, to consider: 1. The Audited Financial Results of the Company for the quarter and year ended March 31, 2024 2. Recommend dividend if any, on the equity shares of the Company for FY 2023-24,” the company said in an exchange filing.
Tata Elxsi Share Price Target 2024
Meanwhile, brokerage firm Prabhudas Lilladher has given a ‘buy’ call on Tata Elxsi with a target price of Rs 9,000.
Tata Elxsi Share Price History
The stock has given a 724 per cent return in 5 years. However, it has given a positive return of 31.27 per cent in one year and a negative return of 8.36 per cent in two years.
Meanwhile, the 30-share BSE Sensex climbed 381.78 points to reach its all-time peak of 75,124.28. The NSE Nifty advanced 99 points to hit its record peak of 22,765.30.
