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Buy Tata Elxsi, price target Rs 990: Mandar Jamsandekar

The analyst suggested a stoploss at Rs 825

ETMarkets.com|
Updated: Dec 06, 2019, 09.28 AM IST
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Mandar Jamsandekar of Precision Technicals has a buy call on Tata Elxsi Ltd. with a target price of Rs 990. The current price of Tata Elxsi Ltd. is Rs 868. Time period given by the analyst is Intra Day when Tata Elxsi Ltd. price can reach the defined target. Mandar Jamsandekar recommended to keep a stoploss at Rs 825 .

Tata Elxsi Ltd., incorporated in 1989, has a market cap of Rs 5371.34 crore. 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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