This TATA Groups company has delivered multi-fold return to the investors, check details
By Lokmat English Desk | Published: April 2, 2022 06:27 PM2022-04-02T18:27:06+5:302022-04-02T18:27:06+5:30
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At present, TATA Group is performing vigorously in various fields. The stock market is also witnessing a record-breaking performance by various Tata companies. As a result, investors are gaining extreme profit.
Shares of one of the TATA Group companies have now hit rocket speeds, giving investors huge returns. The name of this company in the Tata group is Tata Elxsi.
Shares of Tata Electronics hit a new all-time high of Rs 9,420 on the National Stock Exchange. Shares of Tata Elxsi were one of the 2021 Multibagger stocks. In addition, the company's shares have returned more than 220 percent to investors in the past year.
Shares of Tata Elxsi were traded at Rs 42 on April 2, 2009. Shares of the company have risen 208 times in the last 13 years. Shares of Tata Elxsi have returned more than 20,700 per cent to investors during the period.
If one had invested Rs 1 lakh in Tata Elxsi shares 13 years ago and allowed the investment to continue, the amount would have been more than Rs 2.8 crore now.
If a person had invested Rs 1 lakh in the company's shares five years ago, it would be worth more than Rs 11 lakh today. Tata Elxsi currently has a market cap of around Rs 55,000 crore and a dividend income of Rs 0.54 crore.
The company is said to have returned 168 per cent in the last one year. Considering the financial situation, the company has maintained consistency in its quarterly performance. The company had a net sales of Rs 635.40 crore in the last quarter.
The rise in the stock price was further boosted by the company's better-than-expected quarterly performance. Tata Elxsi is a leader in design-led technology services in a variety of areas, including transportation, media, transportation, and healthcare, as well as medical devices.
A number of Tata Group companies are performing well in the stock market, with over three dozen companies in the Tata Group being included in the list of most trusted brands.
