Ashwani Gujral of ashwanigujral.com feels that Tata Elxsi may test Rs 1950-2000.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Elxsi is looking positive compared to other tech stocks. I don’t generally like stocks from sectors which are under pressure. Overall I think we could see possibly levels of Rs 1950-2000. However, I think there are better stocks. All of these stories are all good when a stock is running up but often we have seen that sectors in trouble tend to reverse such gains as well."
Tata Elxsi ended at Rs 1,617.30, up Rs 72.30, or 4.68 percent on the BSE.The share touched its 52-week high Rs 1,807 and 52-week low Rs 1,021.65 on 21 June, 2016 and 21 November, 2016, respectively.