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Buy Tata Elxsi, target price Rs 7500: Chandan Taparia

Chandan Taparia regarding Motilal Oswal provides buy call on Tata Elxsi Ltd. having a target price regarding Rs 7500. The present market price regarding Tata Elxsi is usually Rs 7195.45. Time period given by analyzer is Intra Day time when Tata Elxsi Ltd. price can certainly reach defined target.

Tata Elxsi Ltd., incorporated in the season 1989, is a Mid Cap company (having a market cap of Rs 44734.10 Crore) operating in IT Software sector.

Tata Elxsi Ltd. key Products/Revenue Sectors include Software Enhancement Charges and Bought and sold Goods for the calendar year ending 31-Mar-2021.

For typically the quarter ended 31-12-2021, the company reported a new Standalone Total Earnings of Rs 641.92 Crore, upward 7.39 % from last 1 / 4 Total Income regarding Rs 597.76 Crore and up 30.42 % by last year same 1 / 4 Total Income regarding Rs 492.18 Crore. Company described net profit soon after tax of Rs 150.95 Crore in latest 1 / 4.

Investment Rationale
Negated its lower culminant of the last 3 sessions and continually trending upwards with monthly frame

Promoter/FII Holdings
Promoters held 44.32 per cent pole in the company adjusted 31-Dec-2021, while FIIs owned 11.93 per cent, DIIs a few.54 per cent.

(Disclaimer: Recommendations given in this or any reports fastened herein are published by an external bash. Views expressed usually are that of the own authors/entities. These will not represent the opinions of Economic Instances (ET). ET will never guarantee, vouch for, suggest any of its articles and hereby disclaims all warranties, convey or implied, in relation to the same. Please check with your financial adviser and even seek independent tips.

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