Buy Tata Elxsi, target Rs 1480: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Tata Elxsi Ltd. with a target price of Rs 1480. The current market price of Tata Elxsi Ltd. is Rs 1440.8. 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 1419. Tata Elxsi Ltd., incorporated in 1989, is a midcap company with a market cap of Rs 8972.79 crore. Tata Elxsi Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 1201.01 Crore to Sales Value (97.40 % of Total Sales) and Traded Goods which contributed Rs 32.03 Crore to Sales Value (2.59 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 382.03 Crore, up 1.77 % from last quarter Sales of Rs 375.38 Crore and up 18.19 % from last year same quarter Sales of Rs 323.23 Crore Company has reported net profit after tax of Rs 70.50 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 Deloitte Haskins & Sells as its auditoRs As on 30-06-2018, the company has a total of 62,276,440 shares outstanding.