Buy Tata Elxsi, target Rs 1650: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Tata Elxsi Ltd. with a target price of Rs 1650.0 .The current market price of Tata Elxsi Ltd. is Rs 1581.6 Time period given by analyst is Intra Day when Tata Elxsi Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 1550.

Tata Elxsi Ltd., incorporated in the year 1989, is a midcap company with a market cap of ₹ 4924.82 crore operating in Information Technology sector.

Tata Elxsi Ltd. key Products/Revenue Segments include Other Services which contributed ₹ 1008.17 Cr to Sales Value (93.76 % of Total Sales), Computer Based System, Accesssories & Peripherals which contributed ₹ 33.74 Cr to Sales Value (3.13 % of Total Sales), System Integration which contributed ₹ 33.29 Cr to Sales Value (3.09 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 309.39 Cr., up 2.01% from last quarter Sales of ₹ 303.29 Cr. and up 12.89% from last year same quarter Sales of ₹ 274.08 Cr. Company has reported net profit after tax of ₹ 43.79 Cr. in latest quarter. The company’s CEO is Mr.Madhukar Dev. It's Board of Directors include Mr.G Vaidyanathan, Mr.K Ramaseshan, Dr.Gopichand Katragadda, Mr.Madhukar Dev, Mr.N Ganapathy Subramaniam, Mr.P McGoldrick, Mr.Sudhakar Rao, Mrs.S Gopinath, Prof.M S Ananth, Mr.G Vaidyanathan. Company has its registered office at "Leela Infopark'',, 5th Floor, Plot No. 2,, Technopark Campus, Trivandrum, 695581, Kerala. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2017, the company has a total of 31,138,220 shares outstanding.