Tata Elxsi Ltd. Stock Sees Dip in Price, Rated as 'Hold' by MarketsMOJO

Tata Elxsi Ltd., a leading IT software company in the largecap industry, has recently seen a dip in its stock price. On November 13, 2024, the company's stock lost -3.61%, closing at Rs. 6386.85. This decline has been reflected in the stock call given by MarketsMOJO, which has rated it as 'Hold'. The stock's performance today has been underwhelming, as it underperformed the sector by -2.61%. It also touched an intraday low of Rs. 6386.85, showing a decrease of -3.73%. Additionally, Tata Elxsi is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. In comparison to the overall market performance, Tata Elxsi has not fared well. Its 1 day performance is -3.49% compared to the Sensex's -1.25%. Similarly, its 1 month performance is -16.59% while the Sensex has only seen a decline of -4.53%. Despite these recent setbacks, Tata Elxsi remains a strong player in the IT software industry. With its largecap size and established reputation, the company continues to be a key player in the market. Investors are advised to keep a close eye on the stock's performance and make informed decisions.