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The company said its revenue from operations at the end of the quarter stood at Rs 8,797 crore, up 27 per cent from Rs 6,947 crore in the year ago quarter. Ebitda growth stood at Rs 29 per cent at Rs 5,007 crore.

The company on Thursday reported a three-fold jump in consolidated net profit for March quarter at Rs 3,593 crore as it struck an optimistic note about the "buoyant" market environment and "strong momentum across verticals and service lines" to guide for 12-14 per cent revenue growth for FY23.

On the technical charts, the 200-day moving average of the stock stood at Rs 4840.35.

According to the report, U.S. large cap stocks saw their biggest outflow since February 2018 at almost $20 billion in the week to Wednesday.

With in-game NFT assets being developed by some of the top names in the gaming space, its no wonder GameFi (gaming and finance) is fast getting traction among users and developers alike.

A total of 44,905 shares changed hands on the counter till 02:09PM (IST).

“Investment opportunities are usually created before interest rate hikes in the US...these interest rate hikes contain an element of growth, which drives the market,” said ICICI Securities in a note.

Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 51471.79 Crore) operating in IT Software sector.

The CSI300 index ended the day 0.44% higher at 4,013.25 points, after slumping as much as 1.1% earlier, while the Shanghai Composite Index closed 0.23% higher at 3,086.92.

The benchmark was on course to end its second straight week in the red as markets assessed the fallout from the war in Ukraine, elevated inflation levels and monetary policy tightening by central banks.