Tata Elxsi Ltd (NSE: TATAELXSI): Share of Tata Group company Tata Elxsi was wiped out when the market reopened on Friday.
The share of Tata Elxsi has dropped more than 7 percent, to a price of Rs 5924, according to BSE. The company’s share has exceeded the lowest point over the past 52 weeks.
This dramatic decline in Tata’s share price has resulted from weak quarterly performance.
The results of the company have not been in line with expectations of the market. Analysts have lowered the price targets for the shares of the company.
The Company’s Share Got A Target Of Up To Rs 5400
The world’s largest company of brokerage has maintained an underperforming rating for Tata Elxsi. He has cut its price target for Tata Elxsi’s share by Rs 6000.
He had earlier given the price target of Rs 6500 on Tata Elxsi’s share. The brokerage house has given an underweight rating to Tata Elxsi.
He has given a price target of Rs 5400 for the share of the company. The brokerage house had set a price target of Rs 5700 for his share.
The Company’s Profit Has Declined By 13 Percent
Tata Elxsi’s net profits were Rs 199 crore during the quarter ending December 2024. The net profit of the business has decreased by 13 percent in each quarter.
Tata Elxsi’s revenue decreased by 1.7 percent to Rs 939 crore in each quarter. The company’s communications and media unit fell by 5.5 percent on a year-on-year basis.
The Company’s Share Fell More Than 30 Percent In A Year
The share price of Tata Group company Tata Elxsi has dropped more than 30 percent over the past year.
Tata Elxsi’s share price was about Rs 8759.50 at the time of January 10, 2024. Tata Elxsi’s share was Rs 5924 on the 10th of January 2025.
Tata Elxsi’s share price has experienced a decline of 19 percent in the past month. The 52-week peak of the share in the company is Rs 9082.90.
Quick Fact
| Company name | Tata Elxsi |
|---|---|
| Share price drop | 7% |
| Current price | ₹5924 |
| Quarterly profit decline | 13% |
| Quarterly revenue decline | 1.7% |
| Communications & media decline | 5.5% year-on-year |
| 1-year price drop | 30% |
| Past price (Jan 2024) | ₹8759.50 |
| Current price (Jan 2025) | ₹5924 |
| 1-month decline | 19% |
| Price target (possible) | ₹5400 |
| Previous target (possible) | ₹5700 |
| Earlier target (possible) | ₹6500 |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
