07 Jan 2026 | 3 Mins Read
Tata Elxsi shares jump 8% after JPMorgan upgrade
Flipitmoney
JPMorgan upgraded Tata Elxsi Ltd's stock to "neutral" with a revised price target of ₹4,800, a 17% potential downside from current levels. The brokerage raised revenue and margin estimates, driving 1%-8% earnings per share upgrades, citing improved ER&D demand in the EU with Tata Elxsi shares gaining 8.5% to ₹5,799.