Tata Elxsi stock cracks 8% post Q1 results, chart hints at another 11% fall

Tata Elxsi stock was seen testing its 100-DMA support after a gap of two months; chart hints that the stock could slide all the way to ₹5,285 levels, in case near support levels are taken out.

Shares of Tata Elxsi tumbled nearly 8 per cent to a low of ₹5,679 in Friday's opening trade following the dis-appointing Q1 results by the mid-cap Tata group IT company. As of 10:15 AM, the stock had partly recouped losses and quoted 3.2 per cent lower at ₹5,935 levels.  Tata Elxsi on Thursday after market hours reported a 22 per cent year-on-year (YoY) decline in net profit for the first quarter of the financial year 2025-2026 (Q1FY26) at ₹144.37 crore when compared with ₹184.08 crore in the year-ago period. Sequentially, on a quarter-on-quarter (QoQ) basis, net profit dipped