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Tata Elxsi giving encouraging signs

Long
NSE:TATAELXSI   TATA ELXSI
Tata Elxsi Ltd. is a global design and technology services company for product engineering and solution services across industries including Automotive, Broadcast, Communications, Healthcare, and Transportation. The operations are classified into two business divisions, i.e., Software Development and Services and Systems Integration and Support.

Tata Elxsi Ltd CMP is 7776.30. The Negative aspects of the company is High Valuation (P.E. = 60.8). The positive aspects of the company are Zero promoter pledge, FIIs are increasing stake, MFs are increasing stake, improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 7858. Targets in the stock will be 8150 and 8591. The long-term target in the stock will be 8951 and 9188. Stop loss in the stock should be maintained at Closing below 7356.

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