New Delhi, Oct. 14 -- Tata Elxsi shares surged on Wednesday after the Tata Group's IT services and design company reported double-digit revenue growth and higher net profit for the September quarter.

While the results showed an improvement in revenue and sequential operating performance, rising employee costs and an uneven demand environment continued to weigh on the company's profitability outlook.

The stock's sharp rally also came after a prolonged decline, with shares still trading well below their 52-week high.

Tata Elxsi shares surged 7% to an intraday high of Rs.3,664.20 on the BSE on Wednesday, October 14, following the company's Q2FY27 results. The rally extended the stock's recent recovery, with shares gaining 19% over the pas...