Buy Tata Elxsi, target price Rs 9000: Prabhudas Lilladher

Tata Elxsi Ltd. key Products/Revenue Segments include Software Development Charges and Traded Goods for the year ending 31-Mar-2023.

By ETMarkets.com | Apr 04, 2024, 09.19 AM IST

Promoters held 43.92 per cent stake in the company as of 31-Dec-2023, while FIIs owned 15.02 per cent, DIIs 5.71 per cent.

Prabhudas Lilladher has buy call on Tata Elxsi with a target price of Rs 9000. The current market price of Tata Elxsi Ltd. is Rs 8168.85.

Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 49808.07 Crore) operating in IT Software sector.

Tata Elxsi Ltd. key Products/Revenue Segments include Software Development Charges and Traded Goods for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-12-2023, the company reported a Standalone Total Income of Rs 949.16 Crore, up 3.98 % from last quarter Total Income of Rs 912.83 Crore and up 13.42 % from last year same quarter Total Income of Rs 836.88 Crore. Company reported net profit after tax of Rs 206.43 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 43.92 per cent stake in the company as of 31-Dec-2023, while FIIs owned 15.02 per cent, DIIs 5.71 per cent.

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