This Tata Group stock touched a fresh 52-week high today; do you own it?

The stock is up by 6.44 per cent in a flat market.

Tata Elxsi is recognized as a premium engineering service provider worldwide and amongst the leaders in the automotive, media, broadcast, communications, and healthcare industries. It brings together the best technology and user-centric design expertise to help customers deliver innovative solutions and great consumer experiences. The company reported robust Q1FY23 results. 

Highlights of the quarter ended June 30, 2022: 

In Q1FY23, revenue grew by 30.01 per cent YoY to Rs 725.89 crore from Rs 558.32 crore in Q1FY22. On a sequential basis, the top line was up by 6.48 per cent. PBIDT (Ex OI) was reported at Rs 238.15 crore, up by 58.78 per cent as compared to the year-ago period and the corresponding margin was reported at 32.81 per cent, expanding by 595 basis points YoY. 

PAT was reported at Rs 184.72 crore, up by 62.93 per cent from Rs 113.38 crore in the same quarter of the previous fiscal year. The PAT margin stood at 25.45 per cent in Q1FY23, expanding from 20.31 per cent in Q1FY22. 

Q1 Business Highlights: Industries: 

Transportation grew 6.3 per cent QoQ and 41.8 per cent YoY, aided by large deals and engagements in EV and Software Defined Vehicles. 

Healthcare witnessed a strong growth of 10 per cent QoQ and 53.6 per cent YoY, driven by digital health and global regulatory services.   

Media and Communications reports a quarter of steady and consistent growth at 4.7 per cent QoQ and 29 per cent YoY, aided by continued growth in key accounts and large deals in network transformation and AdTech. 

Today, the company touched a fresh 52-week high of Rs 10150.00 and the company has a 52-week low of Rs 4200.40. At 1:05 pm, the company is up by 5.58  per cent and is currently trading at Rs 10026.70.