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Tata Elxsi shares shed multibagger tag; time to buy, sell or hold?

This Tata Group stock rallies 104% from 52-week low, how far can it go?

Shares of Tata Elxsi have risen over 100 per cent from their 52-week low despite highly volatile domestic market affected by negative global cues. A fall in global markets along with rising inflation has also affected sentiment around Indian stocks in a year. The stock of the Tata Group firm, which hit a 52-week low of Rs 4,112 on August 11, 2021, is currently trading at Rs 8,418 , translating into a rally of 104 per cent in nearly one year. Tata Elxsi stock hit a 52-week high of Rs 9,420 on March 31, 2022. In Q1 of the current fiscal, 4,60,564 public shareholders held a 56.08 per cent stake or 3.49 crore shares in the firm.

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