TATA ELXSI share price
IT Engineering sector Tata Group stock TATA ELXSI share price crossed Rs.10,000 mark today
Stock is currently running at 10,300, the closing price as on 12th August 2022.
Stock has given 137% return in last one year and TATA ELXSI has given whooping 1125% multi-bagger return in last five years.
Table of Contents
- TATA ELXSI share price
- TATA ELXSI Share fundamentals
- TATA ELXSI Shareholding pattern
- About Tata Elxsi
- TATA ELXSI Q1FY23 quarterly results
- TATA ELXSI Share Chart
- TATA ELXSI Share Split Bonus expectations
TATA ELXSI Share fundamentals
TATA ELXSI is a Large cap stock with a market capitalization of 63000 Crore. Stock is running at a PE of 103 which is higher than the sector as the market expects better growth and return in future mostly due to evolving Electrical Vehicle theme. The stock is almost debt free and have positive growth in revenue as well as net profit.
TATA ELXSI Shareholding pattern
Promotors have 44% shareholding in Tata Elxsi, where as FIIs have 15% and DIIs have 4% stake in the company. Nearly 36% shares are in the hands of public.
About Tata Elxsi
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare and Transportation. It is mostly popular as it provides software designing services to electrical vehicles auto manufacturers. Tata Elxsi would be a major beneficiary of the rising market capture by Tata Motors in the passenger vehicles & electrical vehicles segment in India & abroad.
TATA ELXSI Q1FY23 quarterly results
Also TATA ELXSI has reported better results for Q1 FY23 quarter ending June 2022 despite various challenges due to economic slowdown, inflation & rising employee costs.
Revenue jumped 30% Year on Year and 6.5% Quarter on Quarter, EBITDA grows 7.6% QoQ and 58.8% YoY and Net Profit grows 15.4% QoQ and 62.9% YoY.
TATA ELXSI Share Chart
[The chart we have presented here is on Zerodha web platform. We personally use Zerodha & Upstox for investing and trading in Indian stock market.]
TATA ELXSI is currently in strong uptrend with good momentum. The candlestick chart shows the Price is at its all time high and above its all moving averages. The share price has given breakout of the upper band of the Bollinger band. RSI is above 82 which shows the stock is in the over bought zone and may show some retracement in short term.
TATA ELXSI Share Split Bonus expectations
Generally TATA group stocks offers stock split or bonus issues when stock price becomes expensive in order to make it affordable for small retail investors and to increase stock liquidity. Currently stock face value is at 10 and has reserves of more than 1500 Crores, so market is expecting stock split or bonus in near future.
Overall TATA ELXSI currently is a momentum stock and could be a multi-bagger stock in long term as per our analysis, but that is our personal view and anyone should make proper analysis before making any investment decisions.
