Tata Group Stock: Tata Group company Tata Elxsi share reached its all-time high. Shares of the company jumped 6.78% to reach Rs 9,010 during trading. In fact, this rise in the share of Tata Alexi comes after the report in which MSCI has asked to include the firm in its benchmark index.
Edelweiss Alternative and Quantitative Research said in a report that MSCI may add five new stocks and remove two stocks from its benchmark index. Tata Alexi, Jindal Steel & Power, Voltas, Varun Beverages and Astral are likely to be included in the MSCI Standard Index. However, Indraprastha Gas and MRF (India) can be excluded.
Also read- 54 companies including Adani, Tata bid to buy this bankrupt company, the price of shares will increase!
Share crosses 9 thousand
Tata elexi share price touched a new high of Rs 9,078, up 7.55 per cent on the BSE in early trade. The large-cap stock has gained 17.18 per cent in the last two days. Shares of Tata Alexi opened at Rs 8,460 against the previous close of Rs 8,440. The stock has gained 52.19 per cent since the beginning of this year and has gained 237.07 per cent in one year. Tata Elxsi stock is trading above 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Also read- Share prices increased as soon as the names of Adani-Tata were added to Anil Ambani’s bankrupt company, the stock crossed Rs 14
Returns of more than 235% given in a year
Let us tell you that the shares of Tata Elxsi have given a strong return of 235.12% in the last one year. The company’s shares were at Rs 2,688.60 per share on NSE on 30 March 2021, which has now increased to Rs 9,010 per share level. So far this year in 2022, the share of Tata Alexi has run up 52.88%, while the stock has grown 37.25% in a month. The stock has registered a growth of 22.77% in the last five trading sessions.