Tata Elxsi Limited (TATAELXSI): New Sell Recommendation for This Technology Giant
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Malhotra covers the Technology sector, focusing on stocks such as Tata Elxsi Limited, Infosys Limited, and KPIT Technologies Limited. According to TipRanks, Malhotra has an average return of 3.4% and a 53.06% success rate on recommended stocks.
Currently, the analyst consensus on Tata Elxsi Limited is a Strong Sell with an average price target of INR4,435.00, which is a -28.22% downside from current levels. In a report released on July 11, J.P. Morgan also maintained a Sell rating on the stock with a INR3,800.00 price target.
The company has a one-year high of INR9,082.90 and a one-year low of INR4,601.05. Currently, Tata Elxsi Limited has an average volume of 22.53K.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Fed will stay course despite 'unusual' Trump-Powell meeting
STORY: "We anticipate, and the markets anticipate, the first [rate] cut would be in the September meeting, and that would begin a new cycle of cuts," Bernstein said. "We see roughly 100 basis points between now and next summer of cuts." Bernstein believes the impending cuts will be "one of the positive catalysts we see leading markets higher into the New Year."
Yahoo
4 hours ago
- Yahoo
Should You Buy the Post-Earnings Plunge in Intel Stock?
Intel (INTC) shares are down nearly 10% at the time of writing on July 25 after the semiconductor firm reported weaker-than-expected profit for its fiscal Q2. Investors are bailing on INTC this morning because its earnings outlook for the current financial quarter came in shy of Street estimates as well. More News from Barchart This Self-Driving Car Stock Is Surging on a Major Nvidia Boost UnitedHealth Stock Spirals Lower Again. Don't Buy the Dip. UNH Stock Falls as UnitedHealth Confirms DOJ Probe. How Should You Play Shares Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Including today's plunge, Intel stock is down roughly 25% versus its year-to-date high in February. Is Intel Stock Worth Buying After Q2 Earnings? Speaking with CNBC on Friday, Bernstein's senior analyst Stacy Rasgon argued Intel's Q2 release was far from 'all bad.' The chip company managed to beat revenue expectations in its second quarter and issued top-line guidance that's also 'decent for now' – according to the semiconductor industry expert. However, INTC shares remain a 'wait-and-see' story until the management accelerates production and record customer traction for the next-gen processes (18A and 14A), he added on 'Closing Bell: Overtime.' Bernstein maintained its 'Hold' rating on Intel stock after the company's second-quarter earnings report. Its $21 price target barely suggests any upside from current levels. It May Still Be Reasonable to Own INTC Shares Despite continued weakness in the recently concluded quarter and Rasgon's cautious stance, Intel shares are not entirely void of reasons to invest. For starters, INTC stock is currently going for a price-sales (P/S) multiple of 1.93x only, notably below the average for the broader semiconductor industry. Plus, Intel's current chief executive Lip-Bu Tan pulled the plug on the company's planned fab projects in both Poland and Germany on Friday. Additionally, he slammed the breaks on INTC's commitment to building an advanced facility in Ohio, adding that winning new customers and the demand outlook at large will determine the pace of reacceleration in construction. Under his leadership, the company is committed to lowering the global headcount by 15%, streamlining management layers by as much as 50%, and ending this year with 75,000 employees – all of which could translate to a higher stock price for Intel over time. Wall Street Sees Material Upside in Intel Other Wall Street firms aren't particularly constructive on Intel stock either. The consensus rating on INTC shares currently sits at 'Hold' only, but the mean target of about $22.86, nonetheless, indicates potential upside of some 11% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Business Insider
4 hours ago
- Business Insider
Welcome aboard the 'AI crazy train'
Big Tech is in an AI arms race, each company trying to outspend the others on data centers, GPUs, networking gear, and talent. Engineers can be let go. But the infrastructure? That's permanent. If the AGI dream fades, you're stuck with massive, costly assets. So when Google announced it would hike capex by $10 billion to $85 billion in 2025 eyebrows went up. Most of it is for things you can't walk back: chips, data centers, and networking. Google is "jumping aboard the AI crazy train," Bernstein analyst Mark Shmulik wrote, referencing a song by the late bat biter Ozzy Osbourne. Meta's Mark Zuckerberg brags about Manhattan-sized data centers. And Elon Musk keeps hoarding GPUs. While Sam Altman is building mega-data centers with partners. JPMorgan dubbed this " vibe spending," warning OpenAI might burn $46 billion in four years. It's no shock when Elon, Zuck, and Sam flex on capex. But Google? That's surprising. "Google doesn't do this," Shmulik said. The company has been viewed as measured in recent years, prioritizing investment intensity with care. Not anymore. Now investors want to know: Will these swelling bets pay off? There are promising signs. Since May, Google's monthly token processing (the currency of generative AI) has doubled from 480 trillion to nearly a quadrillion. Search grew 12% in Q2, beating forecasts. Cloud sales surged 32%. CEO Sundar Pichai said Google is ramping up capex to support all this growth. But it's still a huge gamble. "Does the current return on invested capital seen in both Search and Cloud hold up at higher [capex] intensity levels," Shmulik asked, "or is the spend a very expensive piece of gum trying to plug an AI-sized hole?" He leans optimistic.
