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The Economic Times
The Economic Times
Business
Veer Sharma

Tata Elxsi shares jump 7% after Q2 results, but Morgan Stanley, Motilal Oswal reiterate bearish calls

Tata Elxsi shares rallied as much as 7% to a day high of Rs 3,657 on the BSE on Wednesday after reporting a 10% year-on-year (YoY) rise in net profit for the September quarter. Double-digit revenue growth helped, even as higher employee and operating costs kept profit growth below top-line expansion.

The company’s net profit for the quarter ended September 2026 stood at Rs 170 crore, compared with Rs 155 crore in the same period last year.

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