New Delhi, June 19 (IANS) A cautious outlook from consulting firm Accenture has led to heightened selling in India’s information technology (IT) shares, and many mid-cap IT stocks have dipped further than 55 per cent correction seen in shares of Tata Consultancy Services.Tata Consultancy Services has tumbled nearly 55 per cent from its record high of Rs 4,592, while Wipro decreased 52 per cent, LTIMindtree declined 50 per cent and Infosys dipped 48 per cent from their respective peaks, a report …
Latest Tata Elxsi News & Updates
Mumbai, June 19 (IANS) IT stocks came under selling pressure on Friday, with the Nifty IT index plunging more than 6 per cent after global technology services firm Accenture cut its revenue growth guidance and flagged a weaker demand environment, reigniting concerns over the pace of recovery in global technology spending.The technology index declined as much as 6.43 per cent or 1,831 points to hit an intraday low of 26,634.50 at around 10:25 am, making it the worst-performing sectoral index in e…
Mumbai, Jan 13 (IANS) Tata Elxsi, the design and technology arm of the Tata Group, on Tuesday reported a sharp decline in profits for the third quarter of FY2025–26 (Q3 FY26).The company’s consolidated net profit fell 45 per cent year-on-year (YoY) to Rs 108.89 crore in Q3 FY26, compared with Rs 199 crore in the same quarter last financial year.On a sequential basis, profit dropped 29.7 per cent from Rs 154.82 crore recorded in the previous quarter.Despite the fall in profit, Tata Elxsi’s …