Tata Elxsi shares jump 7% after Q2 results, but Morgan Stanley, Motilal Oswal reiterate bearish calls

Tata Elxsi shares rallied as much as 7% to a day high of Rs 3,657 on the BSE on Wednesday after reporting a 10% year-on-year (YoY) rise in net profit for the September quarter. Double-digit revenue growth helped, even as higher employee and operating costs kept profit growth below top-line expansion