Multibagger Tata Stock::Investors favor Tata Group stocks because of their consistent returns over the long and short terms. The IT software industry is served by Tata Elxsi Ltd., a 1989-founded Mid Cap business with a market cap of Rs 57,970.65 Crore. In the past year, the value of investors' money in the favor of firm Tata Elxsi has more than doubled. This indicates that stockholders who purchased the stock a year ago have received returns of more than 126%.
Tata Elxsi Stock Price History
Tata Elxsi's last trading price on the NSE was Rs. 9,496.80 per share, up 0.35 percent from the current market price. The share price of this company has increased by 5.70% over the past five days and by 18.03% over the past month on the NSE. It has grown 28.38% over the last six months.
This stock's 52-week high value is Rs. 9,700.75, while its 52-week low value is Rs. 4,110.
Tata Elxsi Financials
The company recorded a Standalone Total Income of Rs 736.21 Crore for the quarter that ended on June 30, 2022, up 5.20% from the previous quarter's Total Income of Rs 699.83 Crore and up 27.85% from the same period last year's Total Income of Rs 575.82 Crore. In the most recent quarter, the company disclosed a net profit after tax of Rs 184.72 crore.
One of the top companies in the world for design and technology services, Tata Elxsi works with clients in the automotive, broadcast, communications, healthcare, and transportation sectors. According to Tata Elxsi, design thinking and the use of digital technologies like IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence are assisting clients in reimagining their goods and services.
According to the company's FY22 annual report, its automotive engineering business is well positioned to take advantage of new opportunities brought about by the industry's ecosystem transformation. This enables Tata Elxsi to actively collaborate with its clients to advance projects involving autonomous driving (AD), advanced driver assistance systems (ADAS), electrification projects, and digitalization.
Should you Buy blue-chip it?
Tata Elxsi has a buy recommendation from brokerage company Sharkhan with a price objective of Rs 9,750 due to its great growth potential, solid deal success, and reliable dividend payouts.
Tata Elxsi, according to the brokerage, is uniquely positioned to take advantage of market possibilities across the chosen industries thanks to its design-led engineering expertise. Over FY2022-FY2024E, the company's USD revenue and earnings are projected to grow at a CAGR of 23% and 20%, respectively.
Given its significant growth potential, market share increases, superior profit profile, unique capabilities in digital engineering, and strong financial sheet (cash and investments were 51% of total assets), it added, "We continue to choose Tata Elxsi."