Tata Elxsi shares fall the most in 3 months after Q4 profit miss

Tata Elxsi's shares fell on Wednesday after its fourth-quarter profit missed analysts' estimates. The net profit of the engineering, research and development firm fell 4.6% to Rs 196.9 crore in the quarter ended March 31, 2024. Shares of the company fell as much as 5.34%, the most since Jan. 24, before paring loss to trade 3.75% lower at 10:08 a.m.