6311.00
-1.08%
ICICI Securities Limited
We recently attended the analyst meet of Tata Elxsi (TEL). The key highlights of the meet are: - i) TEL is a focused play on the automotive & broadcasting verticals where technologies are evolving at a rapid pace, ii) TEL made an announcement on licensing its advanced autonomous vehicle platform AUTONOMAI to one of the world's top five automotive OEMs for their driverless car R&D; and iii) cash & cash equivalent of | 251.5 crore would be utilised for inorganic growth. Focused players on technological evolving verticals...
Tata Elxsi Ltd. is trading above its 150 day SMA of 6092.8
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