TATA ELXSI Shares: Buy Tata Elxsi, Target Price Rs 9000: Chandan Taparia
Tata Elxsi Ltd., incorporated in 1989, is a mid-cap company (having a market capitalization of Rs 54118.54 Crore) operating in the computer software industry.
The main products/revenue segments of Tata Elxsi Ltd. includes software development costs and traded goods for the year ending March 31, 2022.
finance
For the quarter ended 30-06-2022, the company reported total standalone revenue of Rs 736.21 Crore, up 5.20% from last quarter, total revenue of Rs 699.83 Crore and in up 27.85% from the same quarter last year, total revenue of Rs 575.82 Crore. The company reported a net profit after tax of Rs 184.72 Crore last quarter.
Investment rationale
Moving into an uptrend channel on the daily frame and supports are moving higher.
Promoter/Fii Holdings
The promoters held 43.92% of the company’s capital as of June 30, 2022, while the FIIs held 15.17% and the DIIs 4.21%.
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