The automotive business unit, which contributes around 53 per cent of Tata Elxsi's revenue, is seeing signs of stabilisation.
PL Capital, after interacting with the PL Capital management, noted that recovery in the automotive segment is progressing but remains defensive
The MSCI announced changes to its key indices, with Fortis Healthcare, GE Vernova, One 97 Communications, and Siemens Energy making the cutoff into the Global Standard Index
On the bourses, Tata Elxsi share price dropped as much as 2.99 per cent to an intraday low of ₹5,406.45 per share
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However, the revenue from operations decreased by approximately 3.87% to ₹918.1 crore in Q2FY26; it had reported ₹955.09 crore in the same quarter of last financial year
Q2FY26 company results: Ashiana Ispat, Avasara Finance, Aris International, Evoq Remedies, and Triton Corp will also release their Q2 earnings reports today
Among individual stocks, Raymond, Ashoka Buildcon, Swan Corp, Himatsingka Seide, and UCO Bank were the biggest wealth destroyers, dropping in the range of 30.5 per cent to 65.78 per cent
Tata Elxsi's stock advanced for the fourth consecutive session, rising nearly 8 per cent; HDFC Securities, in a report dated September 9, 2025, upgraded the stock to 'Add' from 'Reduce'
KPIT Tech shares rose 3 per cent after Motilal Oswal assigned a 'Buy' rating while initiating coverage on the ER&D space
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.
Tata Elxsi share price fell after reporting a weak set of results in the first quarter of financial year 2026 (Q1FY26).
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Revenue from operations declined to ₹892.10 crore in Q1 FY26, compared to ₹926.46 crore in the same quarter last year