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"Compare Tata Elxsi's current valuation with historical peaks and its impact on Indian IT sectors."

Tata Elxsi (NSE: TATAELXSI) currently trades at a forward P/E of 32x. While high, it remains below its 2021 peak relative to cash flow growth.

Impact on Indian Equities

Tier-1 IT: Moderate positive (ER&D tailwinds)
Data Center providers: Strong correlation (15–20% upside)
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