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.
Tata Elxsi, a Tata Group company, is set to announce is earnings for the three months and nine-months ended on December 31, 2024.
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.
KPIT Tech saw a healthy CC revenue growth of 4.7 per cent QoQ in Q2. For LTTS, the growth stood at 3.4 per cent. It was followed Cyient's DET segment (1.3 per cent growth) , Tata Tech (services) (0.3 per cent) and Tata Elxsi (0.2 per cent).
Bruised blue chip stocks: The list included IRCTC, Adani Total Gas Ltd, Adani Enterprises Ltd, Gujarat Gas, SBI Card and Tata Exlsi. Others in the list included Avenue Supermarts (DMart), Berger Paints and Asian Paints.
Tata Elxsi share price today: The stock is oversold on charts with a RSI of 29.1.
Tata Investment shares rallied 15.03 per cent to hit a high of Rs 7,534.90 on BSE. Tata Chemicals surged 8.53 per cent to Rs 1,200 apiece.
Tata Tech's FY24 services growth, excluding its top-3 clients, stood at 37 per cent, which JM Financial said reflected revenue diversification. It suggested a 'Buy' on Tata Tech with a target price of Rs 1,250.
Tata Elxsi share price: The stock tanked 8.23 per cent to settle at Rs 8,231.90. At this price, it has gained 18.78 per cent in the past one month. Although, the scrip has shed 5.89 per cent on a year-to-date (YTD) basis.
Tata Elxsi share price today: The Tata Group stock, which rose 16% in the last seven sessions slipped over 6% in the current trading session.
Tata Elxsi has benefited from aggressive R&D spending by JLR in FY2024, with the account contributing 75 per cent of the incremental revenues or 18.1 per cent of overall revenues.
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