10 Oct 2025 | 3 Mins Read
Prabhudas Lilladher cuts Tata Elxsi to Rs 5010
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Prabhudas Lilladher upgraded Tata Elxsi to REDUCE with a Target Price of 5,010, assigning a 36x PE to Sep'27 EPS. The company beat estimates with 1% QoQ revenue growth and 30bps margin improvement, driven by strong demand in Automotive, particularly in SDV, ADAS, and Connectivity areas, and growth expected in Healthcare in H2.