Tata Elxsi rises 5% after LIC picks 1.04% stake

Tata Elxsi-86912c61

The design-led technology services provider Tata Elxsi stock soared more than 5% on Thursday. Today IT pack is showing a mixed trend. However, Infosys, TCS, and Tata Elxsi are among few stocks which are doing well today.

Recently, LIC bought a 1.04% stake in Tata Elxsi. This news made the multi-bagger stock of Tata Group to rise more than 5%. Right now, the stock is trading around Rs. 6414.50 on NSE with 4.75% gains. The company is yet to declare its post its Q3 results. 

This stock has rallied around 170% last year. This company is actively participating in providing design solutions for Tata Group’s Electric mobility ambitions.

Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

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