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Sunday, 31 December 2017

Tata Elxsi Medium Term positional call

Tata Elxsi Limited Medium Term Techno-Funda call

NSE: TATAELXSI

CMP: 977, Closing based SL 879, Targets 1050 1080 1125

Technicals:

* Swing High Breakout
* Cup and Handle Breakout
* Volume breakout
* Trading above important Moving averages
* Resistance breakout



Fundamentals:

  • Company is able constantly maintain their return on capital employed 5 years average is 49.79 compared to return on capital employed is 53.41.
  • Current ROCE is higher than that is ROCE 53.41 is greater than price to earning that is 30.03.
  • Company is able constantly maintain their return on net worth 5 years average is 34.84 compared to return on net worth is 36.69.
  • Steady debtors turnover ratio shows company is able manage to their receivable steadily.
  • Average OPM of 5 years is at 20.25% compared to that current OPM is at 23.45% which shows over the period management has been able to hold on to their Margin.
  • Price to Book value ratio shows company is overvalued.




Disclaimer: All the levels are for education purpose only.

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