Tata Group company operating in IT Software sector, Tata Elxsi informed about its upcoming meeting of Board of Directors scheduled to be held on April 23, 2024. The company will recommend dividend for FY 2023-24 apart from considering results of the company for the quarter ended March 31, 2024. Tata Elxsi share price on BSE is quoted at Rs 7927.15 per share. Tata Elxsi shares offered maximum return of 2758% in 10-years. Renowned brokerage firm Prabhudas Lilladher has recommended buy call to Tata Elxsi shares with target price of Rs 9000 per share. Public sector undertaking Life Insurance Corporation of India (LIC) has 1.97% stake in Tata Elxsi as the insurance giant holds 1,226,008 shares of the company. More details below:
Tata Elxsi Will Consider Financial Results Along With Dividend: According to the exchange filing of Tata Elxsi issued today, “Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that 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:
- The Audited Financial Results of the Company for the quarter and year ended March 31, 2024
- Recommend dividend if any, on the equity shares of the Company for FY 2023-24.”
Tata Elxsi Maintains Attractive Dividend History: The IT giant declared 24 dividends since June 21, 2001. In past 12 months, Tata Elxsi declared an equity dividend of Rs 60.60 per share. At the current share price of Rs 7922.4500, the IT stock has a dividend yield of 0.76%, according to Trendlyne.
Tata Elxsi Bonus Share: The company announced so far only 1 bonus issue since September 18, 2017. It was declared in the proportion of 1:1 with ex-bonus date set as September 18, 2017.
Tata Elxsi Share Performance: The 52-week high price of the stock is Rs 9191.10 apiece and 52-week low price is Rs 6048.35 apiece. Its market cap is Rs 49,367.47 crore. Tata Elxsi shares fell up to 7.67% in 3-months, jumped 8.56% in 6-months, and gave return of 31% in 1-year. In 3 years, Tata Elxsi shares gained 167%.
Prabhudas Lilladher Gives Buy Rating: Renowned brokerage firm Prabhudas Lilladher has buy call on Tata Elxsi shares with price target of Rs 9000 apiece.
About: Tata Elxsi started business on May 5 1989 in Bangalore, the Silicon Valley of India, to develop and promote applications of electronics, embedded systems, and software. The Mission was to foster innovation in the fast-emerging IT market and accelerate the adoption of leading-edge technologies, as per the company’s website.
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