Tata Elxsi Share Touches All-Time High
NDTV
Shares of IT major Tata Elxsi hit an all-time high during volatile trade, amid reports that MSCI may include the company in its standard index
Shares of IT major Tata Elxsi on Monday hit an all-time high during volatile trade, amid reports that MSCI may include the company in its standard index.
The company's share touched a high of Rs 9,078 during the day on the Bombay Stock Exchange (BSE), rising 7.55 per cent. It finally closed at Rs 9,010 on the National Stock Exchange (NSE), having risen by Rs 571.8 and 6.78 per cent over the previous close. The share had opened at Rs 8,465 today.
The volatility in Tata Elxsi's shares was mainly due to reports that MSCI may include it in its standard index along with four other companies, namely Jindal Steel & Power, Voltas, Varun Beverages and Astral.
The share has gained 52.19 per cent since the beginning of this year and risen 237.07 per cent in one year. Tata Elxsi stock is trading higher than five day, 20 day, 50 day, 100 day and 200 day moving averages.
