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Shares of Tata Elxsi fell over 4 per cent on Wednesday at the Bombay Stock Exchange after after company reported a 31.6 percent decline in profit at Rs 48.8 crore and 10.7 percent fall in revenue at Rs 361.7 crore in Q1 YoY. Following the Q1 results, shares of the company slipped as much as 4.48 per cent in the intra-day trade at Rs 778.40 a piece on BSE. On NSE, the shares of the company were trading at Rs 787.50 apiece, down by 3.34 per cent. Meanwhile, the BSE Sensex was at 39,257.83, up by 126.42 points or 0.32 per cent at 12:15 hours.