Broker’s call: Tata Elxsi (Sell)
Target: ₹4,420 CMP: ₹6,067.30 Tata Elxsi (TELX) reported a disappointing print vs I-Sec’s already muted estimates. Q1-FY26 marks the fourth straight quarter of muted revenue performance. Large deal wins are taking longer to convert owing to the tough demand environment across verticals. With poor revenue performance, EBIT margin was also down to 18.2 per cent […]
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