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 by 16.3 per cent.  Revenue from operations was down 3.7 per cent on YoY basis and 1.8 per cent lower on QoQ basis. Manoj Raghavan, chief executive officer and managing director of Tata Elxsi, highlighted challenges across key markets, with macroeconomic uncertainties as some of the key reasons for the subdued earnings.  ALSO READ | TCS stock breaks near-term support post Q1 show, can dip another 5%; charts  Despite today's fall, so far in FY26 Tata Elxsi stock has outperformed the benchmark indices, with a solid gain of 14.5 per cent as against a 7.5 per cent rise in the NSE Nifty 50 and a 2.6 gain on the Nifty IT in the same period.  Here's a likely near-term outlook Tata Elxsi stock as per the technical charts. 

Tata Elxsi

Current Price: ₹5,935  Likely Target: ₹5,285  Downside Risk: 11%  Support: ₹5,811; ₹5,721  Resistance: ₹6,020; ₹6,200; ₹6,260  Amid today's fall, Tata Elxsi stock is seen testing its 100-Day Moving Average (100-DMA) for the first time in two months. That apart, the stock has been trading with a negative bias since mid-June after it slipped below the super trend line support.      As such, the near-term outlook for Tata Elxsi is likely to remain tepid as long as the stock trades below ₹6,260 levels. With interim resistance likely around ₹6,020 and ₹6,200 levels.  Near support for the stock exists around its 100-DMA, which stands at ₹5,811 and ₹5,721. In case these support levels are breached, Tata Elxsi stock can potentially extend the fall towards ₹5,285 levels - implying a downside risk of 11 per cent from present levels.