Shares of Tata Elxsi rallied 7 per cent to Rs 2,534 on the BSE on Monday, in an otherwise weak market, after foreign portfolio investors (FPIs) increased their stake in the company by nearly one percentage points during the October-December quarter (Q3FY21).
In the past two quarters, FPIs have increased their stake in Tata group information technology (IT) software products company by 2.08 percentage points. In comparison, the S&P BSE Sensex was down 0.51 per cent at 48,783 points at 10:02 am.
The stock hit a record high of Rs 2,576 on January 14, 2020. In the past one month, the stock has rallied 55 per cent as against a 4 per cent rise in the S&P BSE Sensex. In the past six months, it has zoomed 177 per cent as compared to a 32 per cent surge in the benchmark index.