 "automobile, auto sector, car")
The Tata Elxsi stock has gained 20 per cent over the last couple of trading sessions, thanks to better-than-expected December quarter results, its strong deal pipeline, as well as recovery in the engineering, research and development (ERD) segment.
Led by the embedded product design segment, which accounts for over 88 per cent of its revenues, the company reported 13 per cent growth in revenues as compared to the year-ago period.
On a sequential basis, growth was led by the industrial design and visualisation segment, which registered growth of 27 per cent.
Given the management commentary on growth across segments and geographies, brokerages have
