Tata Elxsi shares jump over 5% after Q2 earnings

Shares of design and technology services provider Tata Elxsi on Thursday rose by over 5 per cent in early trade on the bourses after the company reported a 58.3 per cent increase in net profit for the September quarter.

The stock gained 5.25 per cent to Rs 1,533.55 — its 52-week high — on the BSE.

At the NSE, it jumped 5.19 per cent to its one year high of Rs 1,534.95.

Tata Elxsi on Wednesday reported a 58.3 per cent increase in net profit to Rs 78.8 crore for the September 2020 quarter.

The company had registered a net profit of Rs 49.8 crore in the year-ago period, Tata Elxsi said in a regulatory filing.