Tata Elxsi Valuation: 3 midcap IT stocks that you can’t afford to ignore anymore
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Synopsis
Engineering research and development services (ER&D) are defined as “services engaged in the development of new products (hardware or software) throughout the product life cycle” (product conceptualisation, design, development, testing, manufacturing and maintenance).
Long ignored by the Street, engineering and R&D services companies KPIT Technologies, Tata Elxsi and LT Technology Services have now shed the backbenchers’ tag in the valuation class to become frontbenchers. How did they manage to grow in a niche area, beating the bigwigs of IT services? Will the dream run continue?Engineering research and development services (ER&D) are defined as “services engaged in the development of new products (hardware
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