10 Oct 2025 | 3 Mins Read

Sell Tata Elxsi, target Rs 4120

Flipitmoney

Tata Elxsi's Q2FY26 performance was in line with expectations, showing a modest sequential recovery and early operational stabilisation signs. H2FY26 growth visibility improved due to large Transportation deals and a strong Healthcare pipeline, with gradual margin recovery expected. Outset PE multiple is 28x with a target price of INR 4,120.