Indian equity markets experienced a downturn on Thursday, with the Nifty 50 and Sensex falling approximately 1% each. This decline followed renewed geopolitical uncertainty in West Asia, which soured investor sentiment and led to profit booking after a recent rally. Crude oil prices also spiked amid the developing situation.
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