Tata Elxsi Share Price: Tata Elxsi shares crack 8% after brokerages cut target price post Q3 results
Shares of Tata Elxsi fell 7.9% to their intraday low of Rs 5,935.05 on the BSE today (January 10) after the company reported a 3% decrease in net profit for the quarter ending December 2024, which led to a target price cut from brokerage firms.
The company’s profit declined to Rs 199 crore from Rs 206 crore in the same period last year.
Revenue from operations for the third quarter grew 3% year-on-year (YoY), reaching Rs 939 crore compared to Rs 914 crore in the corresponding quarter of the previous fiscal year.
Tata Elxsi share price targets:
Morgan Stanley: Underweight | Target price: Rs 6,000
sMorgan Stanley cut the stock’s target price to Rs 6,000 from an earlier Rs 6,500.
Continued weakness in European transportation, the lack of a…
