Tata Group IT sector company Tata Elxsi share price will be in spotlight tomorrow after it informed meeting of its Board of Directors scheduled to be held on April 17, 2025 to consider financial results and dividend, if any for the FY 2024-25. Share price of Tata Elxsi on Bombay Stock Exchange stood at Rs 4867.65 per share with intraday gain of 1.10%. The company has a market capitalisation of Rs 30,317.73 crore. Its return on equity (ROE) is 32.55%. The BSE 200 index stock witnessed correction 11.45% in last 2-weeks when Sensex slipped 4.86%, BSE Information & Technology index plunged 11.78%, BSE Focused IT index dived 12.04%, and BSE Tech index nosedived 8.63%. The company recommended highest ever dividend of Rs 70 per share in 2024 with ex-dividend date set as June 25, 2024. Life Insurance Corporation Of India has 2.88% stake in Tata Elxsi with 1,793,067 shares of the company. Check more details below:
Tata Elxsi To Consider Results, Dividend
According to the exchange filing of Tata Elxsi dated April 8, 2025, “We hereby inform you that a meeting of the Board of Directors of Tata Elxsi Limited (‘the Company’) will be held on Thursday, April 17, 2025, inter alia, to consider:
- The Audited Financial Results of the Company for the quarter and year ended March 31, 2025.
- Recommend dividend, if any, on the equity shares of the Company for FY 2024-25.”
Tata Elxsi Dividend History
The IT sector company recommended 23 dividends since 2003. In last 1-year, Tata Elxsi declared an equity dividend of Rs 70.00 per share. The ex-dividend date was June 25, 2024. It offers a dividend yield of 1.44%, according to Trendlyne.
Tata Elxsi Shares Performance
The 52-week high of Tata Elxsi share price is Rs 9082.90 per share (as on 27/08/2024) and 52-week low price is Rs 4,601.05 per share (as on 07/04/2024), respectively. Tata Elxsi shares plunged 35.53% in last 6-months, fell 38.60% in last 1-year, and slipped again 19.71% in last 2-years. In last 3-years, Tata Elxsi shares price slid 43.95% in last 3-years. In last 5-years, Tata Elxsi shares gained 664.69% and jumped 614.8% in last 10-years.
Should You Buy Tata Elxsi Shares?
Leading brokerage firm JP Morgan recommended “underweight” call and slashed target price to Rs 4,500. Meanwhile, Morgan Stanley suggested “Underweight” call too on the IT stock with the reduced target price of Rs 5,400 from previous target price of Rs 6,000.
Tata Elxsi Bonus Share
It recommended bonus share once since September 18, 2017. The bonus share was recommended in the ratio of 1:1 with ex-bonus date set as September 18, 2017.
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.
Disclaimer: The stock has been picked from the brokerage report of JP Morgan and Morgan Stanley. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
Recommended: Multibagger Defence PSU Mazagon Recommends Dividend, Record Date April 16
Leave a Reply