{"id":306814,"date":"2026-10-14T10:21:21","date_gmt":"2026-10-14T04:51:21","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=306814"},"modified":"2026-10-14T10:21:21","modified_gmt":"2026-10-14T04:51:21","slug":"tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/","title":{"rendered":"Tata Elxsi Q2 Results Impact: IT Stock Soars 7%, Buy, Sell or Hold?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Tata Elxsi Q2 results (FY27): revenue Rs 1,056 crore (+15%), net profit Rs 170 crore (+10% YoY, flat QoQ), EBIT margin 19.7% (+70 bps QoQ). Stock rose about 7.5% early to Rs 3,685 from Rs 3,426.70. Nirmal Bang: Hold, Rs 3,825. 360 ONE: Sell, Rs 2,840.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Tata Elxsi Q2 results showed revenue of Rs 1,056 crore, up 15% year on year, and net profit of Rs 170 crore, up 10% year on year but flat from the previous quarter, and the stock rose about 7.5% to Rs 3,685 early on 14 October 2026. The EBIT margin improved by 70 basis points to 19.7%, helped by currency, operating efficiency and no one-offs. Brokerages remain split, with Nirmal Bang at Hold with a Rs 3,825 target and 360 ONE at Sell with a Rs 2,840 target. That split means the stock is a hold-and-watch for most investors, not a clear buy.<\/p>\n<\/p><\/div>\n<p>The Tata Elxsi Q2 results beat what some investors feared on revenue and margin, and the shares jumped at the open. Profit was flat on the quarter and one report says it missed an estimate, so the rally reflects relief more than surprise.<\/p>\n<p>This article covers the Tata Elxsi Q2 results, the stock move, what the brokerages say, the valuation and a framework for deciding whether to buy, sell or hold. I flag data conflicts.<\/p>\n<p>The core question after the Tata Elxsi Q2 results is whether margin gains and deal wins can last, since the stock is trading above the target of one brokerage and below another.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#Tata_Elxsi_Q2_Results_Key_Numbers\" title=\"Tata Elxsi Q2 Results: Key Numbers\">Tata Elxsi Q2 Results: Key Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#Share_Price_Reaction_to_the_Tata_Elxsi_Q2_Results\" title=\"Share Price Reaction to the Tata Elxsi Q2 Results\">Share Price Reaction to the Tata Elxsi Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#Brokerage_Views_on_the_Tata_Elxsi_Q2_Results\" title=\"Brokerage Views on the Tata Elxsi Q2 Results\">Brokerage Views on the Tata Elxsi Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#Buy_Sell_or_Hold_A_Framework_After_the_Tata_Elxsi_Q2_Results\" title=\"Buy, Sell or Hold: A Framework After the Tata Elxsi Q2 Results\">Buy, Sell or Hold: A Framework After the Tata Elxsi Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#What_to_Watch_Next_After_the_Tata_Elxsi_Q2_Results\" title=\"What to Watch Next After the Tata Elxsi Q2 Results\">What to Watch Next After the Tata Elxsi Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#What_were_the_Tata_Elxsi_Q2_results\" title=\"What were the Tata Elxsi Q2 results?\">What were the Tata Elxsi Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#Why_did_the_Tata_Elxsi_stock_jump_7\" title=\"Why did the Tata Elxsi stock jump 7%?\">Why did the Tata Elxsi stock jump 7%?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#What_is_the_Nirmal_Bang_target_for_Tata_Elxsi\" title=\"What is the Nirmal Bang target for Tata Elxsi?\">What is the Nirmal Bang target for Tata Elxsi?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#What_is_the_360_ONE_target_for_Tata_Elxsi\" title=\"What is the 360 ONE target for Tata Elxsi?\">What is the 360 ONE target for Tata Elxsi?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#Should_I_buy_sell_or_hold_Tata_Elxsi\" title=\"Should I buy, sell or hold Tata Elxsi?\">Should I buy, sell or hold Tata Elxsi?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#What_is_the_Tata_Elxsi_share_price_now\" title=\"What is the Tata Elxsi share price now?\">What is the Tata Elxsi share price now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#What_are_the_risks\" title=\"What are the risks?\">What are the risks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/tata-elxsi-q2-results-impact-it-stock-soars-7-percent-buy-sell-or-hold-nirmal-bang-360-one-target-price-ebit-margin\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Tata_Elxsi_Q2_Results_Key_Numbers\"><\/span><strong>Tata Elxsi Q2 Results: Key Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Year earlier<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Previous quarter<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,055.66 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 918.10 crore (+15%)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,021.11 crore (+3.4%)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit before tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 239.10 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 214.72 crore (+11%)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 232.46 crore (+2.9%)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 170.30 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 154.82 crore (+10%)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 170.60 crore (-0.2%)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EPS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 27.34<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 24.85<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 35 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 49 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<\/tr>\n<\/table>\n<p>For the first half, which includes the Tata Elxsi Q2 results, revenue was Rs 2,076.76 crore, up 15%, and net profit Rs 340.90 crore, up 14%. In constant currency, revenue grew 2.3% from the previous quarter and 7.8% year on year, with growth across verticals.<\/p>\n<p><strong>Data conflict:<\/strong> One report calls the profit flat year on year and a miss against an estimate of about Rs 180 crore, while others show a 10% rise from Rs 154.82 crore. Check the exchange filing.<\/p>\n<p><strong>Risk:<\/strong> Lower other income and flat quarterly profit show that the Tata Elxsi Q2 results were not strong on the bottom line.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Screen IT and engineering services stocks on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Share_Price_Reaction_to_the_Tata_Elxsi_Q2_Results\"><\/span><strong>Share Price Reaction to the Tata Elxsi Q2 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,426.70<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Early high on 14 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,685 (about +7.5%)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Distance from Nirmal Bang target<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 3.8% upside from Rs 3,685 (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Distance from 360 ONE target<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 22.9% below Rs 3,685 (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>At Rs 3,685 the stock trades about 24 times Nirmal Bang&#8217;s blended EPS of Rs 153 (my calculation). Annualising Q2 EPS of Rs 27.34 gives about 34 times (my rough calculation), so the P\/E depends on which earnings you use.<\/p>\n<p><strong>Data note:<\/strong> One page contradicts itself on direction, saying the stock gained over 7% in the headline but showing a 7% loss in the text. Other sources show a gain, so I use the gain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Brokerage_Views_on_the_Tata_Elxsi_Q2_Results\"><\/span><strong>Brokerage Views on the Tata Elxsi Q2 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rating<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Target price (Rs)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Basis<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nirmal Bang<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3,825<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">25 times blended EPS of Rs 153<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">360 ONE Capital<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2,840 (from 2,780)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20 times September 2028 EPS<\/td>\n<\/tr>\n<\/table>\n<p>Nirmal Bang, reviewing the Tata Elxsi Q2 results, expects H2 to be better than H1, led by transportation, media and communications, and healthcare. European auto softness is a risk. 360 ONE says EBIT margin rose 70 basis points to 19.7% but that gains will be gradual and below consensus, and it wants more consistent delivery. A report also says Morgan Stanley and Motilal Oswal repeated bearish calls, but I could not see their targets.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Tata Elxsi and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Buy_Sell_or_Hold_A_Framework_After_the_Tata_Elxsi_Q2_Results\"><\/span><strong>Buy, Sell or Hold: A Framework After the Tata Elxsi Q2 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">If you<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Consider<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Already hold Tata Elxsi<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold and watch the next quarter&#8217;s margin and deal wins<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Want to buy after the Tata Elxsi Q2 results and a 7% jump<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wait for a pullback or for proof that growth is above 8% in constant currency<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Are worried about valuation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Compare with the Rs 2,840 and Rs 3,825 targets and set a stop loss<\/td>\n<\/tr>\n<\/table>\n<p>Deal wins reported with the Tata Elxsi Q2 results included a GenAI virtual assistant for a global technology company, an AI knowledge graph platform for a media company and a small investment in KAVIA AI. Nirmal Bang says the pace of monetisation is what to monitor, and it will shape how the market values Tata Elxsi Q2 results like these.<\/p>\n<p><strong>Risk:<\/strong> Brokerages are split by a wide margin, so any single view may prove wrong. Never rely on one target.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_After_the_Tata_Elxsi_Q2_Results\"><\/span><strong>What to Watch Next After the Tata Elxsi Q2 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Tata Elxsi Q2 results follow-up: management commentary on deal ramp-ups<\/li>\n<li>EBIT margin against the 19.7% level<\/li>\n<li>Constant currency growth against 7.8%<\/li>\n<li>European auto demand<\/li>\n<li>Share price against Rs 3,685 and the brokerage targets<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Tata Elxsi Q2 results were decent on revenue and margin and flat on profit, and the stock jumped about 7%. With brokerages at Hold and Sell, a patient hold-and-watch stance suits most investors.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_Tata_Elxsi_Q2_results\"><\/span><strong>What were the Tata Elxsi Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue was Rs 1,056 crore, up 15%, and net profit Rs 170 crore, up 10% year on year but flat from the previous quarter.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Tata_Elxsi_stock_jump_7\"><\/span><strong>Why did the Tata Elxsi stock jump 7%?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors reacted to better revenue and margin, with EBIT margin up 70 basis points to 19.7%, despite flat profit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Nirmal_Bang_target_for_Tata_Elxsi\"><\/span><strong>What is the Nirmal Bang target for Tata Elxsi?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Nirmal Bang has a Hold with a target price of Rs 3,825, based on 25 times blended EPS of Rs 153.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_360_ONE_target_for_Tata_Elxsi\"><\/span><strong>What is the 360 ONE target for Tata Elxsi?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 360 ONE has a Sell with a target price of Rs 2,840, up from Rs 2,780.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_sell_or_hold_Tata_Elxsi\"><\/span><strong>Should I buy, sell or hold Tata Elxsi?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brokerages are split. A hold-and-watch stance suits most investors until margin and deal wins prove durable. This is not advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Tata_Elxsi_share_price_now\"><\/span><strong>What is the Tata Elxsi share price now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It rose about 7.5% to Rs 3,685 early on 14 October from Rs 3,426.70. Check the live price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks\"><\/span><strong>What are the risks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> European auto softness, slow deal monetisation and a valuation that depends on margin gains.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational. Speak to a SEBI registered adviser.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What were the Tata Elxsi Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue was Rs 1,056 crore, up 15%, and net profit Rs 170 crore, up 10% year on year but flat from the previous quarter.\"}},{\"@type\":\"Question\",\"name\":\"Why did the Tata Elxsi stock jump 7%?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors reacted to better revenue and margin, with EBIT margin up 70 basis points to 19.7%, despite flat profit.\"}},{\"@type\":\"Question\",\"name\":\"What is the Nirmal Bang target for Tata Elxsi?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Nirmal Bang has a Hold with a target price of Rs 3,825, based on 25 times blended EPS of Rs 153.\"}},{\"@type\":\"Question\",\"name\":\"What is the 360 ONE target for Tata Elxsi?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"360 ONE has a Sell with a target price of Rs 2,840, up from Rs 2,780.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy, sell or hold Tata Elxsi?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Brokerages are split. A hold-and-watch stance suits most investors until margin and deal wins prove durable. This is not advice.\"}},{\"@type\":\"Question\",\"name\":\"What is the Tata Elxsi share price now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It rose about 7.5% to Rs 3,685 early on 14 October from Rs 3,426.70. Check the live price.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"European auto softness, slow deal monetisation and a valuation that depends on margin gains.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational. Speak to a SEBI registered adviser.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tata Elxsi Q2 results: net profit Rs 170 crore, revenue up 15% and the stock up about 7%. See EBIT margin, brokerage targets and a buy, sell or hold view.<\/p>\n","protected":false},"author":35,"featured_media":306813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[1133,7805,6973,11918],"class_list":["post-306814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-it-stocks","tag-nirmal-bang","tag-tata-elxsi","tag-tata-elxsi-q2-results"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["306813"],"rank_math_title":["Tata Elxsi Q2 Results: Stock Soars 7%, Buy, Sell or Hold?"],"rank_math_description":["Tata Elxsi Q2 results: net profit Rs 170 crore, revenue up 15%, stock up about 7%. 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