Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
As per weekly option data, a handful of call writing on higher strikes ranging from 11,800 to 12,200 is observed which shows Nifty is witnessing strong resistance in the sub-11,800 zones.
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities
Revenue from operations stood at Rs 361.71 crore, down 5.3 per cent YoY. In the corresponding quarter of the previous fiscal, the figures stood at Rs 382.03 crore.
The stock hit a 52-week high of Rs 1,767, up 5% on BSE in intra-day trade
Indian engineering design firm Tata Elxsi has licensed its software platform to one of the top five carmakers globally that will help hasten the development of their own driverless car. Tata Elxsi's middleware platform AUTONOMAI will act as an interface between the hardware such as stereoscopic cameras, Radars and Lidars and the AI and machine learning algorithms that will be trained to react to complex driving scenarios. The firm which is part of the Tata Group is already a Tier 1 supplier of software-based driving aids and assistance systems to some of the world's largest automakers. With the licensing deal, it is penetrating deeper into the upcoming autonomous vehicle sector that technology giant Intel expects to grow to $ 7 trillion by 2050. "We are delighted with this latest win for AUTONOMAI by one of the world's top 5 car OEMs", said Nitin Pai, Senior Vice President Marketing for Tata Elxsi. "Car makers will need to ensure that self-driving cars are able to communicate with .
The stock rallied 11% to Rs 1,505 on back of over five-fold jump in trading volumes.
It is leveraging its knowledge in computer science and AI for a share in the promising industry
Plans to use over Rs 200 crore surplus cash in hand
During the July to September quarter, the company's total income from operations rose 15% to Rs 303.28 crore