Buy Tata Elxsi, target Rs 1,040: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Tata Elxsi Ltd. with a target price of Rs 1040. The current market price of Tata Elxsi Ltd. is Rs 992.7. Time period given by the analyst is Intra Day when Tata Elxsi Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 968. Tata Elxsi Ltd., incorporated in 1989, is a midcap company with a market cap of Rs 6182.18 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 31-12-2018, the company has reported a Standalone sales of Rs 407.01 Crore, up 1.05 % from last quarter Sales of Rs 402.78 Crore and up 17.79 % from last year same quarter Sales of Rs 345.54 Crore Company has reported net profit after tax of Rs 65.99 Crore in latest quarter. The company’s top management includes Mr.Ankur Verma, Mr.Madhukar Dev, Mr.N Ganapathy Subramaniam, Mr.P McGoldrick, Mr.Sudhakar Rao, Mrs.S Gopinath, Prof.M S Ananth. Company has BSR & Co. LLP as its auditoRs As on 31-03-2019, the company has a total of 62,276,440 shares outstanding.