AgenciesChandan of Securities has buy call on Tata Elxsi with a target price of Rs 9000. The current market price of . is Rs 8688.6. Time period given by analyst is Intra Day when 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 54118.54 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-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 736.21 Crore, up 5.20 % from last quarter Total Income of Rs 699.83 Crore and up 27.85 % from last year same quarter Total Income of Rs 575.82 Crore. Company reported net profit after tax of Rs 184.72 Crore in latest quarter.
Investment Rationale
Moving in an upward trending channel on daily frame and supports are shifting higher.
Promoter/FII Holdings
Promoters held 43.92 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.17 per cent, DIIs 4.21 per cent.
Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 54118.54 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-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 736.21 Crore, up 5.20 % from last quarter Total Income of Rs 699.83 Crore and up 27.85 % from last year same quarter Total Income of Rs 575.82 Crore. Company reported net profit after tax of Rs 184.72 Crore in latest quarter.
Investment Rationale
Moving in an upward trending channel on daily frame and supports are shifting higher.
Promoter/FII Holdings
Promoters held 43.92 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.17 per cent, DIIs 4.21 per cent.
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