Tata Elxsi dips 14% in 2 days, hits 3-month low post weak Q2 revenue growth

Shares of Tata Elxsi hit a three-month low of Rs 7,280, falling 6 per cent on the BSE in Tuesday's intra-day trade, in an otherwise weak market. The stock has slipped 14 per cent in the past two trading days after the Tata Group company reported weak revenue growth in the July-September quarter (Q2FY23).

With the past two days' decline, Tata Elxsi's market price has corrected 32 per cent from its record high level of Rs 10,760, which it had touched on August 17, 2022. It was trading at its lowest level since June 21, 2022. In comparison, the S&P BSE