Analysis Report: TATA ELXSI (BUY; Estimated Price: Rs. 3172)

About the Company

Tata Elxsi founded in 1989 is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions.

A part of the $100 billion Tata group, it addresses the communications, consumer products, defence, healthcare, media & entertainment, semiconductor and transportation sectors. This is supported by a network of design studios, development centres and offices worldwide.

Analysis Report: Mindtree Ltd. (BUY; Estimated Price: Rs.723.67)

About the Company

Mindtree Limited is mid-cap international Information Technology consulting and Implementation Company that delivers business solutions through global software development. The Company was incorporated in August 1999 by 10 professionals with an initial funding of USD 9.1mn

Trend of Repo-rate and Inflation

Repo-Rate:

• ‘Repo Rate’ is the rate at which RBI (Reserve Bank of India) lends money to commercial banks. RBI is the Central Bank of India.

• Repo Rate = Repurchase Agreement

Decline of IT Stocks after Brexit

What is Brexit?

It is a word that has turned out to be utilized as a shorthand method for saying the UK leaving the EU - combining the words Britain and exit to get Brexit.

Demonetization Explained

Demonetization means removing the status of certain existing units of currency or the currency as a whole as legal tender of the economy. It is done by stopping the production of prescribed currency and its circulation in the market. Legal tender is a mode of payment recognized by the law in a country to be valid for meeting financial obligation.