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Friday, January 27, 2023

Multibagger Tata shares that have risen 1000% in 3 years enter Saurabh Mukherjea’s portfolio of rising giants

Saurabh Mukherjea’s Marcellus Investment Managers has shown his faith in Tata group shares, Tata Elxsi, which have delivered huge returns to their long-term investors in the post-Covid market rally. In its latest newsletter, Marcellus Investment has reported that multibagger stocks have entered Saurabh Mukherjea’s Marcellus Investment Managers’ growing portfolio of giants. Saurabh Mukherjea added Tata Elxsi shares to his portfolio after ending his long love affair with Footwear.

Reporting on the addition of Tata Elxsi to its portfolio of rising giants, the latest Marcellus newsletter reports that Tata Elxsi is an engineering research and development company that engages with target customers early in the product life cycle. . The ‘Tata’ brand is also a reason to prefer Tata Elxsi shares as it helps the company attract both customers and employees to score above its peers. The company’s huge investment in Research and Development (R&D) is expected to bring more patents to the company. Tata Elxsi’s focus on autonomous driving and advanced driver assistance systems (ADAS) is also one of the reasons Saurabh Mukherjea is bullish on this Tata multibagger stock.

Marcellus’ newsletter further reports that Tata Elxsi is also focused on retaining its workforce for a long time. The bulletin says that the Tata group company has opened offices in Kerala tier 2 cities where, according to channel checks by MErcellus Investment Managers, more than 50 per cent of the company’s workforce is located. In the last six months, the Tata group company has opened a new office in Thiruvananthapuram, which employs about 2,500 engineers. Tata Elxsi has opened a new office in Kozhikode that will house around 1,000 engineers.

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On the reason for the removal of Relaxo Footwear from the portfolio of rising giants, Marcellus’ newsletter said that the shoe company had to increase the prices of its products due to rising costs of raw materials. The company did this to protect its margins, however this step has led to a sharp drop in its turnover. This trend has continued for the past six to nine months and may take its toll on the company’s stock in coming quarters.

Tata Elxsi Stock Price History

This action of the Tata group has been kept under the base-building mode for the past year, especially after the outbreak of the Russian-Ukrainian war. However, it has dropped some hints of breaking out of this range-bound trend as shares have rallied at the pace of 10 percent in the past month. In the post-Covid rebound, this stock has risen from about $600 to $6,425 levels each in about three years, delivering around 1,000 percent return to its positional shareholders.

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