Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 19315.66 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 492.18 Crore, up 13.25 % from last quarter Total Income of Rs 434.59 Crore and up 10.86 % from last year same quarter Total Income of Rs 443.96 Crore. Company reported net profit after tax of Rs 105.20 Crore in latest quarter.
Investment Rationale
Pole and flag breakout on weekly frame and higher highs on daily scale. Price has crossed previous hurdle of Rs 3050 and ready to trade in a new territory
Promoter/FII Holdings
Promoters held 44.53 per cent stake in the company as of Dec 30, 2020, while FIIs held 12.62 per cent, DIIs 4.82 per cent and public and others 38.03 per cent.
