Espresso Shot - Tata Elxsi up by 14 Percentage

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Espresso Shot - Tata Elxsi up by 14 Percentage

January 13, 2023
Espresso Shot - Tata Elxsi up by 14 Percentage

TATA ELXSI  2376.40 (+14.41%)   BSE – INE670A01012 |  13th JAN 2021

Tata Elxsi Ltd the product design arm of the multi-billion Tata Group was incorporated in March 30th 1989 as Tata Elxsi (India) Ltd. Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications and Healthcare.

Recent Drivers

Tata elxsi net profit has increased 39.5 per cent to Rs 105.2 crore for the December 2020 quarter. Its revenue from operations rose 12.7 per cent YoY to Rs 477.1 crore for the quarter.

Enterprises’ digital engineering spends to clock a 19% CAGR in 2019-2025E, which is expected to create strong growth prospects for TEL

The company has also closed some large deals, including a multi-million dollar deal with a European Tier 1 supplier for vehicle electronics and software, and with a North American Tier 1 supplier for autonomous driving

Tata Elxsi has announced the opening of a Global Engineering Center (GEC) with Aesculap AG, a subsidiary of B. Braun, one of the world's leading manufacturers of medical devices and pharmaceutical products and services.

Tata Elxsi launches feature rich UI/UX application for RDK STBs

Tata Elxsi recognized among the best of premium engineering service providers by Zinnov Zones 2020 survey 

( source- Moneycontrol, Economics times, PR Newswire )

Technical Force *

S&P BSE IT month till date gain up by  10.86%

Share price trading at All Time High, hit fresh 52 week high price 2424.00

Today’s candle indicate spurt in volume by 8.27 times compare to previous day, price is trading in uncharted territory

Stock price has jumped more than 100% in  one year low level – 499.50, 25 MAR 20

Daily RSI(14) is in overbought(>70)  territory for 9 periods

52 week high – 2424  52 week low- 501


Key Pivot  (Yearly)


R4
R3
R2
R1
Pivot
S1
S2
S3
S4
Pivot Point
-
3699.9
2793.75
2313.00
1407.15
926.7
20.55
-40.53
-
Fib Pivot*
2793.75
2264.07
1936.83
1726.07
1407.15
1088.23
877.47
550.23
20.55

                                                                                  

Today’s Close

2376.40

SMA

BSE

10 DAY

2014.11

20 DAY

1867.47

50 DAY

1690.75

200 DAY

1179.51


Some Key Ratio (Source- BSE)

Market Cap: 14,799.37 cr.

PE: 38.61

OPM%: 32.98

ROE%: 29.54

PREV.CLOSE: 2087.60 

*Chart And Technical Force data from Binge desktop app.

*Fib Pivot: Fibonacci Pivot

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.