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Buy Tata Elxsi, price target Rs 885: Chandan Taparia

The analyst suggested a stoploss at Rs 840.

ETMarkets.com|
Updated: Dec 10, 2019, 09.33 AM IST
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Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 5336.47 Crore) operating in IT Software sector.
Chandan Taparia of Motilal Oswal Securities has a buy call on Tata Elxsi Ltd. with a target price of Rs 885.0 . The current price of Tata Elxsi Ltd. is Rs 856.9 . Chandan Taparia recommended to keep a stoploss at Rs 840 .

Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 5336.47 Crore) operating in IT Software sector.

Tata Elxsi Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 1361.33 Crore to Sales Value (98.19 % of Total Sales) and Traded Goods which contributed Rs 24.96 Crore to Sales Value (1.80 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2019, the company has reported a Standalone sales of Rs 385.83 Crore, up 6.67 % from last quarter Sales of Rs 361.71 Crore and down -4.21 % from last year same quarter Sales of Rs 402.78 Crore Company has reported net profit after tax of Rs 49.81 Crore in latest quarter.

The company’s top management includes Mr.Ankur Verma, Mr.N Ganapathy Subramaniam, Mr.Sudhakar Rao, Mrs.S Gopinath, Prof.M S Ananth. Company has BSR & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 62,276,440 shares outstanding.

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