Buy Tata Elxsi, target Rs 675: CK Narayan

CK Narayan of Chart Advise has a buy call on Tata Elxsi Ltd. with a target price of Rs 675. The current market price of Tata Elxsi Ltd. is Rs 660.8. Time period given by the analyst is Intra Day when Tata Elxsi Ltd. price can reach defined target. CK Narayan recommended to keep stoploss at Rs 655. Tata Elxsi Ltd., incorporated in 1989, has a market cap of Rs 4119.90 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 30-06-2019, the company has reported a Standalone sales of Rs 361.71 Crore, down -10.71 % from last quarter Sales of Rs 405.10 Crore and down -5.32 % from last year same quarter Sales of Rs 382.03 Crore Company has reported net profit after tax of Rs 48.79 Crore in latest quarter. The company’s top management includes Mr.Ankur Verma, Mr.Madhukar Dev, Mr.N Ganapathy Subramaniam, Mr.Sudhakar Rao, Mrs.S Gopinath, Prof.M S Ananth. Company has BSR & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 62,276,440 shares outstanding.