Tata Elxsi shares fall 4% post Q4 earnings. Should you buy or sell?

Tata Elxsi reported a 26.25% rise in net profit to Rs 202 crore in the March quarter of 2023 as compared to Rs 160 crore a year ago. The company’s consolidated revenue from operation rose by 22.87% to Rs 838 crore for the March quarter as compared to Rs 682 crore in the year-ago period. The Board has also recommended a final dividend of 606% at Rs 60.60 per share for the financial year 2022-23.

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