- Tata Elxsi a Tata group company Sell rating?
- What is the position of Tata Elxsishare in the market?
- What exactly is shareholding pattern?
TATA Group Stock sell Advice: Tata Elxsi, a major software company in the Tata Group, may be in a position to sell its shares. According to the latest report of the brokerage, it has been said that there is a possibility of a big sell-off in this share in the near future. They have given ‘Sell’ rating to the stock. This means, investors are advised to sell the stock at the current price to take profit or exit.
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What is the position of Tata Elxsishare in the market?
Talking about the share of Tata Elxsi, it closed at Rs 4858.25 on the BSE, up marginally from Rs 4839.90 last Friday. The trading range of the stock was between Rs 4908 and Rs 4790. Talking about the stock’s 52-week high, it stands at Rs 6,733.50. So, the 52-week low is Rs 4,601.05. Brokerage ICICI Securities has rated the stock a sell and has set a target price of Rs 4400. This means the stock could fall below its 52-week low.
What exactly is shareholding pattern?
Talking about the shareholding pattern, the promoter holds a stake of 43.90 percent. At the same time, the public shareholder has a share of 56.10 percent. Tata Sons holds the major stake. Tata Sons’ stake is 2,62,95,264 shares or 42.21 per cent. Tata Investments holds 10,53,655 shares or 1.69 percent stake. Among public shareholders, General Insurance Corporation holds 7,33,195 shares or 1.18 per cent, LIC holds 41,05,617 shares or 6.59 per cent.
What will happen in the important meeting?
Tata Elxsi promoter Tata Sons will have a big meeting next week. In this meeting N Chandrasekaran will be given the green light for the third time as the acting president for the appointment of interim president for the third time. Chandrasekaran’s second term will end after 1 year. Talking about N Chandrasekaran, he is the chairman of Tata Sons, the promoter of the Tata group of companies. He joined the board of Tata Sons in October 2016 and was appointed chairman in January 2017. He is the Chairman of the Board of many of the group’s operating companies, including Tata Steel, Tata Motors, Tata Power, Air India, Indian Hotels Company and Tata Consultancy Services. Before becoming the chairman, he was the CEO of TCS. Chandrasekaran has served here for 30 years.
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