Shares of design and technology services provider Tata Elxsi on Thursday rose by over 5 per cent in early trade on the bourses after the company reported a 58.3 per cent increase in net profit for the September quarter.
The stock gained 5.25 per cent to ₹1,533.55 (its 52-week high) on the BSE.
At the NSE, it jumped 5.19 per cent to its one year high of ₹1,534.95.
Tata Elxsi on Wednesday reported a 58.3 per cent increase in net profit to ₹78.8 crore for the September 2020 quarter.
The company had registered a net profit of ₹49.8 crore in the year-ago period, Tata Elxsi said in a regulatory filing.
Its revenue from operations rose 11.5 per cent to ₹430.2 crore for the said quarter from ₹385.8 crore in the corresponding period a year ago.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.