The Tata Group stock, which is in a correction mode in a period up to three years, slipped 0.78% to a 52-week low of Rs 5196.05 on BSE today.
Tata Elxsi, IEX, HFCL, GSFC, Titagarh Rail, Ircon International, Tanla Platforms, RBL Bank and Suzlon Energy are among stocks that have lost 38-63 per cent of their market values since their one-year high levels.
Kotak maintained its 'Sell' ratings on KPIT Technologies Ltd, L&T Technology Services Ltd (LTTS), Tata Elxsi Ltd and Tata Technologies and suggested a 'Reduce' on Cyient.
Tata Elxsi's Q3 performance was weak, missing moderate expectations. Weakness was across verticals with a modest uptick in the healthcare vertical, while the transportation and media verticals were muted.
Stocks including Tata Consultancy Services, IREDA, Shriram Finance, Tata Elxsi, NTPC Green Energy, CESC, Adani Wilmar, PCBL, Mazagon Dock, SRF and more will be in the spotlight on Friday, January 10.
Tata Elxsi Q3 earnings: Revenue climbed 2.72% to Rs 939.17 crore in Q3 against Rs 914.23 crore in the corresponding quarter of the previous fiscal.Â
Tata Elxsi, a Tata Group company, is set to announce is earnings for the three months and nine-months ended on December 31, 2024. Â
Stocks including TCS, Hindalco, BHEL, NTPC Green Energy, Page Industries, Anand Rathi Wealth, IREDA, PI Industries and more will be in the spotlight on Thursday, January 09.
Tata Elxsi share price: Tata Elxsi moved up 0.79 per cent to settle at Rs 6,542.25. At this value, the stock has climbed 4.09 per cent from its 52-week low level of Rs 6,285.05, hit on November 18 last year.
Stocks including HDFC Bank, ICICI Bank, ITC, Bajaj Finance, Vedanta, NTPC Green, Nykaa, Tata Elxsi, JSW Infra and more will be in the spotlight on Monday, January 06.
Coforge Ltd, Persistent Systems Ltd and HCL Technologies Ltd are expected to lead the growth, with 4.7 per cent, 4.7 per cent and 4.4 per cent, respectively.
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