Tata Elsxi Share Price: A Rollercoaster Ride
๐ Market Volatility: Tata Group’s stock market performance has been a mixed bag, with most stocks providing multi-bagger returns. However, recent market fluctuations have shown a significant downturn in one of Tata Group’s shares.
๐ Kotak Institutional Equity Rating: Kotak Institutional Equities has maintained a ‘Sell’ rating on Tata Elsxi’s stock, predicting a major downturn compared to previous closing prices. Market fluctuations and business downturn could impact the company’s revenue growth.
๐ Current Share Price: Tata Elsxi’s share price on Tuesday saw a 0.46% increase, trading at โน7,700 per share. The company’s total market capitalization exceeded โน48,000 crores.
๐ Future Predictions: Analysts suggest that Tata Elsxi may face a long-term downturn, with a potential 30% decrease in share price due to revenue declines. There is a possibility of the share price dropping to โน5,400.
๐ Industries Served: Tata Elsxi provides design and technology services in automotive, broadcasting, communication, healthcare, and transportation industries. It offers customers a range of products and services incorporating design and digital technologies like IoT, cloud, mobility, virtual reality, and artificial intelligence.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
