Why This Tata Stock Is Gaining Nearly 2% Today

  • Benzinga India
  • Stock Market News
Why This Tata Stock Is Gaining Nearly 2% Today
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Benzinga - Shares of Tata Elxsi (NS: TTEX ) were gaining on Friday after the firm announced a strategic alliance with Accuknox, the developer behind the cloud-native security solution NIMBUS.

What Happened: The collaboration aims to integrate Tata Elxsi’s NEURON platform with NIMBUS, promising advancements in network transformation and security. The joint effort seeks to provide operators with a solution for establishing and safeguarding 5G and 6G networks.

NEURON, Tata Elxsi’s telco automation platform, constitutes a suite of transformation products tailored to aid operators in constructing autonomous networks.

Leveraging generative AI technology, both NEURON and NIMBUS offer sophisticated end-user interactions, digital twin capabilities, and artificial intelligence and machine-learning algorithms for predictive intelligence. NIMBUS offers the ability to identify crucial network and host security policies through environment profiling.

Rajagopalan Rajappa, CTO of communications at Tata Elxsi, emphasised the significance of this collaboration with AccuKnox, saying the firms aim to provide telcos with a simplified yet secure solution for deployment complexities.

This strategic partnership aims to assist operators in rolling out secure 5G networks with inline mitigation, while also future-proofing the network for 6G advancements.

Price Action: Despite a year-to-date decline of 11.36% in Tata Elxsi shares, the company has witnessed a notable 20% surge over the past year.

Tata Elxsi’s share price was up 1.86% at ₹7,936 near the start of trade on Friday.

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