Tata Elxsi reports 10% growth in Q3FY17 net profit
Tata Elxsi has reported results for third quarter ended December 31, 2016.
The company has reported 9.74% rise in its net profit at Rs 43.79 crore for the quarter under review as compared to Rs 39.90 crore for the same quarter in the previous year. Total income of the company increased by 12.21% at Rs 308.63 crore for the quarter under review as compared to Rs 275.04 crore for the corresponding quarter previous year.
Tata Elxsi is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions. A part of the $100 billion Tata group, Tata Elxsi addresses the communications, consumer products, defence, healthcare, media & entertainment, semiconductor and transportation sectors.
Technical Levels
Support at 1455 and resistance at 1535
Break and sustain above 1535 will take it to 1550—1580 and then to 1600+ mark else could touch its support level of 1455.
Looks weak if closes below 1455.00
More will update soon!!
