Tata Elxsi stock has gained 5,879% in last 10 years
The company works with well-known OEMs and suppliers in the automotive and transportation industries. Looking at its shareholding pattern, public shareholders hold 56.08 per cent stake in the company. The remaining 43.92 per cent stake is held by the promoters. As far as public shareholders are concerned, mutual funds hold 1.85 per cent and retail investors hold 32 per cent. It is a BSE 100 company with a market cap of Rs 48,678 crore. Its EPS on TTM basis is 121. The stock is currently trading at a PE of 64.46.
how far will the price go
Analysts have advised investors to hold at current levels but avoid fresh buying. The momentum indicator RSI of the stock is in good shape and showing strong strength against the benchmark indices. According to Milan Vasudev, Senior Technical Analyst, Arihant Capital, the stock may move towards Rs 8,000-8,200 in the days to come. He has advised to set a stop loss of Rs 7,633 for this. NB Nayak, MD, Shares Bazaar, said the stock is currently trading above its 50-day and 200-day simple moving averages. This is considered a positive signal. Investors should hold it and avoid fresh buying.
