Tata Elxsi rallies 5%; stock hits record high on strong growth outlook

Shares of Tata Elxsi hit a record high of Rs 9,425 on rallying 5 per cent on the National Stock Exchange (NSE) in Friday’s trade due to a strong growth outlook.

The stock of the Tata Group company surpassed its previous high of Rs 9,420 touched on March 31, 2022. In the past one month, it has gained 16 per cent, as compared to a 10 per cent rise in the S&P BSE Sensex.

In the last one year, the stock has zoomed 118 per cent, as against a 7 per cent gain in the benchmark index. Tata