Tata Elxsi which has been hitting a new 52-week since 25^th Nov, hit a new high today also at Rs.306.90. It has currently come off those highs and is trading at Rs.299 levels.

The company yesterday announced its numbers for Q2FY14 and the new highs were in anticipation of blockbuster numbers, which they were, post which profit booking happened on the counter. The company posted a 122%  (YoY) jump in consolidated net profit at Rs.20 crore and more enthusing is the fact that its H1Fy14 net profit at Rs.29 crore has already surpassed that of entire FY13 of Rs.21 crore. Clearly with two more quarters to go, the company will end FY14 on a bumper note.