10 Oct 2025 | 3 Mins Read
ICICI Securities recommends selling Tata Elxsi with a target of Rs 4230
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ICICI Securities reports Tata Elxsi's Q2FY26 revenue and margins beat expectations but growth momentum is unlikely to sustain in H2FY26 due to industry-wide challenges in media and communication and seasonal weakness in Q3. The brokerage maintains a SELL rating with a revised target price of INR 4,230 at 30x Sep' 27E EPS.