Espresso Shot of the Day - Tata Elxsi Ltd up by 11.01 percent

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Espresso Shot of the Day - Tata Elxsi Ltd up by 11.01 percent

March 28, 2022
Espresso Shot of the Day - Tata Elxsi Ltd up by 11.01 percent

TATA ELXSI LTD 8440.85  (+11.01%) BSE – INE670A01012 | 25THMARCH 2022


Tata Elxsi commenced its business on May 5, 1989, in Bangalore, the Silicon Valley of India, to develop and promote applications of electronics, embedded systems and software. The mission was to foster innovation in the fast-emerging IT market and accelerate the adoption of leading-edge technologies. Today, Tata Elxsi is recognized as a premium engineering service provider worldwide and among the leaders in the automotive, media, broadcast, communications and healthcare industries. Tata Elxsi brings together the best technology and user-centric design expertise to help customers deliver innovative solutions and great consumer experiences. Their integrated design and technology teams help enterprises re-imagine their products and services – from strategy, consumer research and insights, to service and experience design, technology implementation, integration, launch and beyond.


Recent Drivers

  • On Mar 19, 2022, the company launched TEngage, the first-ever truly digital health platform designed for omnichannel care at the HIMSS Global Health Conference & Exhibition
  • On Mar 03, 2022, TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp announced that it will set up a design centre with India's Tata Elxsi Ltd to jointly develop electric vehicle (EV) technology
  • On Mar 01, 2022, the company announced that Cauveri Sriram has assumed the office of Company Secretary and will be one of the Key Managerial Personnel of the Company with effect from 01 March 2022
  • On Jan 19, 2022, the company reported Net Sales of Rs.635.41 crores in December 2021, up 33.18% from Rs.477.10 crores in December 2020.
  • On Jan 19, 2022, the company reported a Quarterly Net Profit of Rs.150.95 crores in December 2021, up 43.49% from Rs.105.20 crores in December 2020.
  • On Dec 07, 2022, Tata Elxsi announced that it has been ranked in the 'Leadership Zone' across multiple sectors in the latest 'Zinnov Zones for ER&D Services - 2021' ratings.
 (Sources: Business Today, Moneycontrol, BSE)


Technical Force*

  • S&P BSE 200 month till date gain up by 2.27%
  • Traded on all-time-high value: 8534.90
  • 3 months avg. NSE volume: 428,797
  • Quantity traded: 72,510 | Deliverable Quantity: 13,653 (18.83%)
  • Stock price has jumped by more than 230% from a one-year low level: 2581.20 (Mar 25, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 8534.90 | 52-week-low: 2581.20


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

12761.20

9770.60

7819.20

4828.60

2877.20

-

-

    -

Fibonacci Pivot

9770.60

7882.76

6716.44

5965.26

4828.60

3691.94

2940.76

1774.44

    -


Today’s Close

8440.85

SMA

BSE

10 DAY

7459.68

20 DAY

7031.96

50 DAY

7045.73

200 DAY

5655.82


Some Key Ratios (Source: BSE)

Market Cap: 52,566.61 Crores

PE: 93.80

OPM%: 34.21

ROE%: 39.12

Promoters holding%: 44.32

Prev. Close: 7603.55



*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

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.