Technical analyst D Prasad is bullish on Tata Elxsi Limited and has maintained 'buy' rating on the stock.

According to the analyst, the interested investors can buy the stock to achieve a target of Rs 285 in a period of 1-2 months.

The research report said that the interested investors can buy the stock with stop loss of Rs 229.

Today, the stock of the company opened at Rs 240.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 347.45 and a low of Rs 225.70 on BSE.

Current EPS & P/E ratio stood at 9.63 and 25.28 respectively.

In 2011, the company entered into a MOU with Los Angeles based, A Squared Entertainment, a global children's entertainment firm to set up a joint venture.

Jointly, the firms will generate, build up and allocate original brands, comprising animated entertainment in addition to digital gaming.

Mr. Madhukar Dev, chief executive officer (CEO) and Managing Director (MD), Tata Elxsi stated, "This venture will combine the best of creative and marketing skills from Hollywood and the animation production experience and scale of visual computing labs of Tata Elxsi to create meaningful and purposeful content of which we can all be proud of."

Tata Elxsi Limited, an India-based firm, is involved in providing systems integration and software growth services in the IT segment.

Tata Elxsi functions in two business sections including software growth and services and systems integration and back up.