14-Oct-2026 07:47:05
TATAELXSIGeneral news
JPMORGAN ON TATA ELXSI ; NEUTRAL | TP ₹3,200 | EARLIER TP ₹3,400
• Auto ex-Europe surprised positively; margin expansion expected at a slower pace. • EBIT margins beat expectations as Q1 one-off headwinds largely reversed in Q2. • FY28–29E earnings estimates cut by 10–11%. • Earnings cuts mainly driven by 200–240 bps reduction in margin assumptions.
TATA ELXSI LIMITED