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Chandan Taparia of Motilal Oswal has buy call on Tata Elxsi Ltd. with a target price of Rs 7800. The current market price of Tata Elxsi Ltd. is Rs 7469.4. Time period given by analyst is Intra Day when Tata Elxsi Ltd. price can reach defined target.
Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 46239.01 Crore) operating in IT Software sector.
Tata Elxsi Ltd. key Products/Revenue Segments include Software Development Charges and Traded Goods for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 641.92 Crore, up 7.39 % from last quarter Total Income of Rs 597.76 Crore and up 30.42 % from last year same quarter Total Income of Rs 492.18 Crore. Company reported net profit after tax of Rs 150.95 Crore in latest quarter.
Investment Rationale
Higher lows from last six weeks along with rising volumes and higher price base.
Promoter/FII Holdings
Promoters held 44.32 per cent stake in the company as of 31-Dec-2021, while FIIs owned 11.93 per cent, DIIs 5.54 per cent.
Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 46239.01 Crore) operating in IT Software sector.
Tata Elxsi Ltd. key Products/Revenue Segments include Software Development Charges and Traded Goods for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 641.92 Crore, up 7.39 % from last quarter Total Income of Rs 597.76 Crore and up 30.42 % from last year same quarter Total Income of Rs 492.18 Crore. Company reported net profit after tax of Rs 150.95 Crore in latest quarter.
Investment Rationale
Higher lows from last six weeks along with rising volumes and higher price base.
Promoter/FII Holdings
Promoters held 44.32 per cent stake in the company as of 31-Dec-2021, while FIIs owned 11.93 per cent, DIIs 5.54 per cent.
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