Tata Elxsi (Results Review Q1FY25): Mixed Quarter. Maintain REDUCE
Tata Elxsi (TELX) posted a mixed quarter with strong growth in the Transportation vertical, which offset weakness in the Healthcare & Lifesciences...
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Tata Elxsi: Improving Growth Visibility, High Valuations. Upgrade to REDUCE
High certainty of double-digit growth in FY25E driven by client and sub-segment skew and normalisation in the non-transportation business ahead are...
349 Views
Tata Elxsi (Q4FY24): High Quality, Low Growth, High Valuation. Maintain SELL
Tata Elxsi (TELX) posted a soft quarter with a ramp-down in a Media & Communication client and a delayed program ramp-up in the Transportation...
198 Views
IT: More of the same is good news
IT sector (coverage universe) continues to transition from a protracted IT upgrade cycle and low discretionary spending to some normalisation in...
210 Views
Tata Technologies IPO Lockup Expiry - US$1.5bn Lockup Release, Some Funds Are Sitting on 40x Gains
Tata Technologies raised around US$370m in its India IPO in Dec 2023. In this note, we talk about its upcoming US$1.5bn lockup release.
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