Tata Elxsi (Q2FY25): Mixed Vertical Trends. Maintain REDUCE
While the growth trajectory is expected to improve ahead, valuations are still a stretch, maintain REDUCE with a TP of INR 6,925, based on 38x Dec...
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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...
221 Views
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...
355 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...
207 Views
IT Sector (Q2FY25E Results Preview): Recovery in progress
The IT sector growth is in the middle of its recovery, having bottomed out two quarters ago, and is expected to achieve a high single-digit over...
242 Views