  We present here initial results of our spectro-photometric monitoring of XZ
Tau. During our monitoring period, XZ Tau exhibited several episodes of
brightness variations in timescales of months at optical wavelengths in
contrast to the mid-infrared wavelengths. The color evolution of XZ Tau during
this period suggest that the brightness variations are driven by changes in
accretion from the disc. The mid-infrared light curve shows an overall decline
in brightness by $\sim$ 0.5 and 0.7 magnitude respectively in WISE W1 (3.4
$\mu$m) and W2 (4.6 $\mu$m) bands. The emission profile of the hydrogen
recombination lines along with that of Ca II IRT lines points towards
magnetospheric accretion of XZ Tau. We have detected P Cygni profile in
H$\beta$ indicating of outflowing winds from regions close to accretion.
Forbidden transitions of oxygen are also detected, likely indicating of jets
originating around the central pre-main sequence star.
