Tata Tech Surges 4% After Q1 Earnings And Optimistic Outlook; Should You Invest?
Shares of Tata Technologies rose over 4% on Tuesday following upbeat commentary from the management despite a soft June quarter performance
Tata Technologies Share Price: Shares of Tata Technologies rose over 4% on Tuesday following upbeat commentary from the management despite a soft June quarter performance. The stock climbed 3.52% to hit a high of Rs 742 on the BSE, buoyed by the company's positive tone around future growth prospects.
The engineering services company reported a 7.6% quarter-on-quarter (QoQ) decline in constant currency (CC) revenue from its core services business, citing delays in ramp-ups and paused R&D investments by original equipment manufacturers (OEMs) due to tariff-related pressures. However, the management remains confident of a recovery beginning in Q2, backed by a strong order book at the end of the first quarter.
Brokerages, however, remain divided. ICICI Securities noted that the company's optimistic outlook has yet to reflect in the numbers and termed the management's FY26 double-digit growth target as ambitious. It expects a 1.5% YoY dip in FY26 dollar revenue and sees maintaining FY26 EBIT margins as a 'tall order." The brokerage retained a 'Sell' rating, valuing the stock at 25x on Q3FY27E to Q2FY28E EPS of Rs 20, with a target price of Rs 510.
JM Financial was more constructive, highlighting improved deal wins—six large deals in Q1, the highest in six quarters—as a key confidence driver. It stated that the current OEM project delays appear tactical and temporary, noting there have been no cancellations so far. Despite trimming FY26-28 EPS estimates by 1–3% due to margin revisions, it maintained a 'Buy' rating with an upgraded target of Rs 790 (from Rs 780).
On the other hand, PL Capital also maintained a 'Sell' call, projecting a 3% and 1.2% decline in FY26 revenue for the services and consolidated business, respectively, followed by an 11.5% rebound in FY27. It values the stock at 28x FY27E EPS, arriving at a price target of Rs 570.
view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
28 minutes ago
- Indian Express
SBI PO 2025 prelims tentatively scheduled to be held on August 2, 4, 5
The State Bank of India (SBI) has announced the tentative dates for the preliminary examination for the post of Probationary Officer (PO) on its official website. According to an update on the official website, the online prelims are scheduled to be held on August 2, 4, and 5, 2025. A message on their website ( reads: 'Tentative dates for preliminary examination (online) are 02.08.2025, 04.08.2025 & 05.08.2025,' a message on the official website stated. The registration date is over for 541 posts. The PO recruitment exam admit cards for the preliminary exam are expected to be issued in the third or fourth week of July, through the official SBI careers portal ( The SBI PO selection process consists of three stages: preliminary exam, main exam, and a psychometric test, followed by an interview/group exercises. The prelims serve as a screening test, qualifying candidates for the mains round. The preliminary exam will carry 100 marks and comprise three sections — English Language, Quantitative Aptitude, and Reasoning Ability. All questions will be objective-type, with separate time limits allotted for each section. Admit cards for Phase 1 of the SBI PO 2025 exam are expected to be released in the third or fourth week of July, while the results are likely to be declared between August and September, as per the official schedule. The starting basic pay is Rs 27,620 (with 4 advance increments) in the scale of Rs 23,700-980 / 7-30560-1145 / 2-32850-1310 / 7-42020 applicable for Junior Management Grade Scale-I. The officers will also be eligible for DA, HRA/Lease Rental, CCA, medical and other allowances and perquisites as per rules from time to time. The total compensation per annum will be a minimum of Rs. 7.55 lakhs and a maximum of Rs 12.93 lakh depending upon the place of posting and other factors. SBI PO exam aspirants — who have registered for the recruitment process — are advised to regularly check the official SBI careers portal for further updates, including the release of admit cards, exam centres, and detailed guidelines.
&w=3840&q=100)
First Post
28 minutes ago
- First Post
India finds rare earth treasure trove in Rajasthan, auction soon for mining 17 critical minerals in Balotra
As part of reducing reliance on China for rare earths, India is moving ahead with the auction of patches of land in Rajasthan that have potential reserves of rare earth minerals. In ongoing explorations in Rajasthan, reserves of neodymium and dysprosium are expected to be confirmed in Rajasthan. read more A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China. File photo/Reuters At a time when China is leveraging its near-monopoly of rare earth supplies, India is in the process of tapping into own reserves and reducing reliance on imports. In Rajasthan, the Geological Survey of India (GSI) and Department of Atomic Energy have conducted explorations in recent years. They have found signs of rare earths like neodymium and dysprosium — even though most explorations are in early stages at the moment. Separately, the US Geological Survey (USGS) has said that India has the third-largest rare earth reserves in the world. STORY CONTINUES BELOW THIS AD As part of setting up rare earth extraction in Rajasthan, the authorities are set to have auctions of patches of land soon, according to CNN-News 18. The report said that the auctions are going to take place for patches of land in Rajasthan's Balotra and Jalore. The area is reported to be rich in reserves of bastnasite, britholite, and xenotime. These are source minerals from which several rare earth minerals are extracted, such as cerium, lanthanum, neodymium, praseodymium, gadolinium, dysprosium, etc. The report has come at a time when the Centre has launched National Critical Mineral Mission (NCMM) to advance the exploration, mining, and processing of critical minerals. The Centre has also launched a Rs 1,000-crore Production-linked Incentive (PLI) scheme to boost the domestic manufacture of rare earth magnets that are used in nearly everything in the modern world ranging from household electronics to automobiles and fighter planes. Rare earths are 17 minerals that are called 'rare' not because they are scarce but because it is extremely difficult to produce them. They are often found mixed with other minerals and their extraction and refining is a complicated process. One issue that faces India faces is the poor concentration of metals in Indian ores. STORY CONTINUES BELOW THIS AD IREL India, a state-owned company dedicated to rare earths mining and processing, has said that the reserves of Rajasthan's hard rocks are expected to help with this problem.
The Hindu
28 minutes ago
- The Hindu
Apply for doctor loan during Loan Utsav and get exciting cashback rewards
Running a medical practice takes more than just clinical expertise, it needs timely upgrades, efficient staff, better equipment, and sometimes, just more space. But setting aside a lump sum to fund these needs can be tough, especially when you are balancing patient care and business operations. That's where a doctor loan can make a difference. To make this even more rewarding, Bajaj Finance is offering a limited-period cashback of up to Rs. 5,000 on its doctor loan—exclusively during Loan Utsav (1st July to 31st July 2025). If you are among the first 50 doctors to apply and get your loan disbursed via the Bajaj Finserv App or website this month, you can walk away with bonus rewards straight into your Bajaj Pay Wallet. Read on to know why this isn't just another loan - it's your chance to unlock smart funding plus limited-time benefits. Highlights of the Loan Utsav offer: Loan of up to Rs. 80 lakh for eligible medical professionals Cashback of up to Rs. 5,000 Applicable to new and existing Bajaj Finance customers Cashback processed post disbursal of the loan What customers get The cashback amount will be calculated based on the loan disbursed and customer type — either a new customer or an existing customer. Cashback for new customers Cashback for existing customers Cashback will be credited to the Bajaj Pay Wallet within a few working days after the loan disbursal, provided the wallet is created within 7 days of the disbursal date. If the wallet is not active, customers will receive Bajaj Coins, which are redeemable only via the Bajaj Finserv App. Eligibility criteria for Loan Utsav To benefit from the Loan Utsav offer, you must meet the following criteria: Be a registered medical professional in India Apply for a loan on the Bajaj Finserv App or website Be among the first 50 doctors in July 2025 to get loan disbursal Have an active Bajaj Pay Wallet within 7 days of disbursal Why choose Bajaj Finserv Doctor Loan Bajaj Finance understands that doctors lead busy lives. That's why its Doctor Loan comes with a host of features tailored for medical professionals like you. 1. Rewards that add value: As part of Loan Utsav, Bajaj Finance is rewarding the first 50 eligible doctors with up to Rs. 5,000 cashback. 2. Quick access to high-value funding: With Bajaj Finance, you can avail a doctor loan of up to Rs. 80 lakh with minimal documentation. The process is entirely digital, fast, and built around your convenience—ideal for busy practitioners who don't want to waste time on paperwork. 3. Competitive doctor loan interest rates: Worried about EMIs? Bajaj Finance offers attractive doctor loan interest rates—making repayment easier on your monthly budget. 4. Tailored for every need: The Bajaj Finserv Doctor Loan is designed to serve multiple use cases, including setting up or renovating your clinic, expanding into new specialities or locations, purchasing modern diagnostic or surgical equipment and managing operational expenses. Whether you're running a solo practice or planning to scale, this loan adapts to your goals. 5. Online application process: Apply directly through the Bajaj Finserv App or website as per your convenience. Being a doctor means constantly investing in better care. Whether that's upgrading your clinic, learning new procedures, or simply taking a break—you deserve financial solutions that support your journey. Take charge of your growth. Download the Bajaj Finserv App or visit the Bajaj Finserv website and apply now. 'This article is part of sponsored content programme.'
