The announcement was made during market hours today, 17 July 2019.

Meanwhile, the S&P BSE Sensex was up by 122.7 points or 0.31% to 39,253.88.

On the BSE, 1.83 lakh shares were traded in the counter so far compared with average daily volumes of 34000 shares in the past two weeks. The stock hit a high of Rs 814 in intraday today. The stock hit a low of Rs 778.4 in intraday today, which is also a 52-week low for the counter. The stock hit a 52-week high of Rs 1491.75 on 26 July 2018.

Tata Elxsi is the product design arm of the multi-billion Tata Group. The company provides system integration and software development services in the information technology field.