Tata Elxsi shares slide 6% after weak Q1 results. Why Motilal Oswal sees 16% downside from current levels?

Tata Elxsi shares fell despite reporting a strong June quarter, with net profit rising 18.2% YoY to Rs 170.6 crore and revenue increasing 14.5% to Rs 1,021.1 crore. The stock declined as investors appeared unimpressed despite healthy growth in profitability and operating margins.

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