Tata Alexi Stocks: Tata Alexi becomes a design and technology provider multibagger stock In the last one year, it more than doubled investors’ money during this period. While declaring its earnings for the quarter ended March 2022, Tata Alexei also said that its board has recommended a final dividend of 425 per cent at Rs 42.50 per share for the year 2021-22, with the approval of members. is subjected to. subject to the ensuing Annual General Meeting (AGM) and tax.
Tata Alexi It announced earnings yesterday for the quarter ended March 2022. The company paid Rs. 2470.8 crore revenue from operations for the financial year 2021-22 ended March 31, 2022, an increase of 35.3 per cent year-on-year. During this period, the company generated PBT of Rs. 7455 crore, registering an impressive growth of 45.6 per cent per annum. The company reported a net profit of Rs. 549.7 crore during the year, an increase of 49.3 per cent year-on-year.
For the quarter ended March 31, 2022, the company earned Rs. 687.1 crore from operations, a growth of 7.3 per cent over the previous quarter (QoQ) and a growth of 31.5 per cent over the same quarter last year (YoY). During this period, the PBT will be Rs. 220.3 crore, registering a growth of 10 per cent QoQ and 36.2 per cent YoY. The company’s growth was driven by Embedded Product Design (EPD), growing at 7.5 percent QoQ, while Industrial Design and Visualization (IDV) grew smartly at 8.0 percent QoQ.
Tata Alexi is one of the world’s leading design and technology service providers across industries including Automotive, Broadcast, Communications, Healthcare and Transportation.
“This has been the strongest year of growth in the history of the company and an all-round performance across business units, industries and geographies.” Manoj Raghavan, Chief Executive Officer (CEO) and Managing Director, Tata Alexi.
Shares of Tata Alexi have given multibagger returns of over 160.9 per cent in a one-year period while those of Tata Group have gained over 33 per cent in 2022 (YTD).
Should you include Tata Alexi in your portfolio?
Santosh Meena, Head of Research, Swastik Investmart Ltd, said: “The management commentary for the future has been positive and the company has won multi-year, multi-million deals in areas such as cloud engineering, EV systems development. Tata Alexi has been selected by a leading German Tier 1 supplier to set up an offshore development center for autonomous driving and ADAS technologies and by a leading European commercial vehicle manufacturer to design and establish a Virtual Reality Innovation Center . The shares are rising after the Q4 FY22 results due to the above mentioned factors. ,
“Technically, the strongest counter in the Tata Alexi IT pack is bouncing off a strong demand zone at 7700-7500 after a decent correction, however if it slips below 7500 levels then it will turn gains towards 6700 levels. may also increase. On the upside, the 20-DMA around 8500 will act as an immediate and strong resistance; Above this, it may resume its upward trend for new highs,” said Meena.
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