TATA ELXSI dips 3.43% amid profit booking

Tata Elxsi shares fell 3.43% intraday as investors booked profits after the stock’s recent strong rally. The decline came despite a positive long-term business outlook, supported by steady demand in automotive, design, and embedded tech segments. Analysts said the pullback was a short-term correction rather than a trend reversal, with fundamentals remaining solid amid rising global digital engineering and AI-driven design opportunities for the Bengaluru-based technology firm.