Tata Elxsi share price falls

Tata Elxsi share price falls Tata Elxsi shares fall sharply after quarterly results.

The stock fell 8 percent on Monday.

Last year on October 18, 2021, Tata Elxsi closed at Rs 6320 and the stock went up to 10600 on August, 2022

In the second quarter of the current financial year 2022-23, the company had reduced its net profit by 6 percent.

Morgan Stanley has rated Tata Elxsi underweight.

During the quarter, the company reported revenue from operations of Rs 763 crore,

up 5 percent quarterly and 28 percent yearly, while profit after tax rose 39 percent yearly.

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