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 41222.64 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 30-09-2021, the company reported a Standalone Total Income of Rs 597.76 Crore, up 3.81 % from last quarter Total Income of Rs 575.82 Crore and up 37.55 % from last year same quarter Total Income of Rs 434.59 Crore. Company reported net profit after tax of Rs 125.33 Crore in latest quarter.
Investment Rationale
Breakout above last one month range (6,610-5,700) and a higher base above 20-day EMA.
Promoter/FII Holdings
Promoters held 44.53 per cent stake in the company as of 30-Sep-2021, while FIIs owned 12.71 per cent, DIIs 4.95 per cent.
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