Tata Elxsi trades higher on the bourses

Tata Elxsi is currently trading at Rs. 516.00, up by 7.75 points or 1.52% from its previous closing of Rs. 508.25 on the BSE. The scrip opened at Rs. 509.60 and has touched a high and low of Rs. 519.00 and Rs. 508.30 respectively. So far 47074 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 668.60 on 04-Mar-2014 and a 52 week low of Rs. 156.10 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 553.80 and Rs. 499.90 respectively. The current market cap of the company is Rs. 1586.49 crore. The promoters holding in the company stood at 45.11% while Institutions and Non-Institutions held 7.24% and 47.65% respectively. Tata Elxsi has launched its new design studio in central London. The London design studio will help the company enhance its global footprint, access and serve new markets and broaden its talent base. The London design studio will leverage local design talent and serve customers in the UK, central Europe and Scandinavia. It will also enable access to new customers apart from enhancing relationships and project execution with existing customers. Tata Elxsi provides system integration and software development. The company caters to various industries such as aerospace, consumer electronics, entertainment, FMCG, telecom etc.