Multibagger update: This Tata Group IT stock rises from Rs 105 to Rs 8,516 in ten years!

When most of the IT stocks took a beating, this Tata Group IT stock delivered a 44.5 per cent year-to-date return.

Despite the slowdown and inflationary concerns, some quality stocks provided stellar returns to their shareholders. One such stock is Tata Elxsi.  

When most of the IT stocks took a beating, this Tata Group IT stock delivered a 44.5 per cent year-to-date return. However, this is not the first time that Tata Elxsi's share price has provided a massive profit to its shareholders. It is the country's one such multi-bagger stock that has been providing stellar returns to its shareholders. Over the last decade, this multibagger ">Multi-bagger stock has risen from Rs 105 to Rs 8,516 per share, delivering an 8,000 per cent return to its positional shareholders.  

In the last month, this Large-Cap stock has risen from Rs 7,991 to Rs 8,516 per share, a nearly 6.5 per cent increase. This multi-bagger Tata Group stock jumped from around Rs 6,074 to Rs 8,516 levels in the last five months, resulting in a nearly 40 per cent return.  

Year-to-date (YTD), the share price of Tata Elxsi has climbed from Rs 5,893 to Rs 8,516 per share, representing a 44.5 per cent increase in 2022. In the last year, this IT stock surged from around Rs 4,199 to Rs 8,516, a staggering 102 per cent increase during this time frame.  

Similarly, if an investor had invested one lakh in Tata Elxsi shares five years ago, that one lakh would now be worth Rs 9.75 lakh! Similarly, if an investor had invested one lakh in this multi-bagger stock ten years ago, that one lakh would now be worth Rs 81 lakh. Tata Elxsi has given a 42 per cent YTD return whereas IT majors such as TCS, Wipro, and Infosys gave negative returns in 2022, so far! 

Tata Elxsi offers system integration as well as software development. The company offers hard-core technology along with design strength. It provides end-to-end solutions for the entire product lifecycle. The company also operates in the systems integration & support, software development, and services business segments.