\n
Tata Group Stock: <\/strong>Shares of Tata Group company Tata Elxsi Ltd. saw a big decline in today’s Wednesday trading session. The company’s shares fell more than 9% today and reached an intraday low of Rs 8158.80. Let us tell you that earlier there was a rise in the stock in the last two trading sessions and the stock had climbed 26% in two days. Now brokerage firm Kotak Institutional Equities has advised to sell this stock. The brokerage firm has given its ‘sell’ recommendation on the stock with a target price of \u20b9 5,500 per share.<\/p>\n<\/div>\n\n
what is the detail<\/h2>\n
Kotak’s target price implies a potential downside of 49% from the current price of Rs 8158.80. The brokerage wrote in its note that even before the move seen in the last few trading sessions, the stock was trading at expensive valuations. Tata Elxsi is trading at a one-year forward multiple of 61 times. It is expecting a 20% compound annual growth rate (CAGR) for US dollar revenues for the next ten years until fiscal year 2034, according to Kotak. Spending in the media and communications sector remains weak, but the company is seeing delayed investments by large clients in the healthcare sector, the brokerage wrote.<\/p>\n<\/div>\n
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9 experts are giving advice to sell<\/h2>\n
Let us tell you that out of the 12 analysts covering Tata Elxsi, only two have recommended \u201cbuy\u201d on the stock, one has given a \u201chold\u201d rating, while 9 others have given a \u201csell\u201d rating on the stock. Tata Elxsi’s 52-week high price is Rs 9,191.10 and 52-week low price is Rs 6,406.60. The company’s market cap is Rs 51,265.34 crore.<\/p>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"
Tata Group Stock: Shares of Tata Group company Tata Elxsi Ltd. saw a big decline in today’s Wednesday trading session. The company’s shares fell more than 9% today and reached an intraday low of Rs 8158.80. Let us tell you that earlier there was a rise in the stock in the last two trading sessions […]<\/p>\n","protected":false},"author":1,"featured_media":31236,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images1.livehindustan.com\/smart\/img\/2024\/08\/28\/1200x900\/stock_market_crashed_1711274124579_1724843719226.jpg","fifu_image_alt":"","footnotes":""},"categories":[43785],"tags":[],"class_list":{"0":"post-31235","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n
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