Introduction:
Tata Group stock has signed an MoU at Aero India 2025 to develop indigenous UAV technologies for defense, agriculture, and smart cities. This initiative enhances drone efficiency, reduces costs, and supports India’s ‘Make in India’ vision with advanced AI-driven solutions.
Share Price movement of Tata Elxsi:
On February 12, 2025, Tata Elxsi Limited opened at ₹6,110.00, reaching a high of ₹6,170.00 and a low of ₹6,032.50, up 0.87% from its previous close of ₹6,116.75. Currently, it is trading at ₹6,126.40, with a market cap of ₹38,157.42 crore.
Tata Elxsi signs new MoU:
Tata Elxsi and Garuda Aerospace have signed an MoU at Aero India 2025 to establish a Centre of Excellence for UAV design and development. This initiative aims to create indigenous drone technologies for defense, agriculture, and smart cities, supporting India’s ‘Make in India’ vision.
The partnership focuses on AI/ML-driven solutions to improve drone efficiency, reducing energy consumption and costs by over 20%. It also aims to establish a fully indigenous UAV ecosystem, accelerating development cycles by up to six months and reducing import dependence for key drone components.
Tata Elxsi will handle design, testing, and certification, ensuring compliance with global standards. Garuda Aerospace will oversee business acquisition and delivery, with UAVs catering to defense, logistics, and precision agriculture. This collaboration will boost aerospace employment and enhance India’s UAV capabilities.
Also Read: Defence stock jumps 7% after reporting 649% YoY increase in net profits; Announces acquisition
Recent news About Tata Elxsi :
On Jan 09 2025, Tata Elxsi reported lower-than-expected Q3 revenue, rising 2.7% YoY to ₹939 crore, missing estimates of ₹969 crore. Net profit fell 3.6% to ₹199 crore, impacted by a 5.5% decline in media and communications revenue, which contributes 32.4% to software services.
Stock performance of Tata Elxsi for Period of 1 week, 6 months and 1 year:
Tata Elxsi’s stock has faced declines across different periods. Over the past week, it dropped by 4.19%. In the last six months, it recorded a 10.0% decline. Over the past year, the stock fell by 17.8%, reflecting ongoing challenges and market pressures.
Also Read: FMCG stock falls 9% after reporting 81.5% QoQ decline in net profits
Shareholding pattern of Tata Elxsi:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 43.91 | 43.91 | 43.92 |
| FII | 13.27 | 13.65 | 13.67 |
| DII | 7.5 | 7.38 | 6.24 |
| Retail & others | 35.3 | 35.04 | 36.16 |
About Tata Elxsi:
Tata Elxsi is a leading design and technology services company specializing in automotive, healthcare, media, and aerospace solutions. It focuses on AI, IoT, and digital engineering, providing cutting-edge innovations in autonomous vehicles, smart cities, and advanced communication systems worldwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
