VERIFIEDEconomic Times News·15 Jul 2026negative

Tata Elxsi shares slide 6% after weak Q1 results. Why Motilal Oswal sees 16% downside from current levels?

AI Summary

·Tata Elxsi reported an 18.2% year-on-year rise in net profit to Rs 170.6 crore for the June quarter.
·Revenue increased by 14.5% to Rs 1,021.1 crore during the same period.
·Despite healthy growth, Tata Elxsi shares experienced a 6% decline.