India's Tata Tech gains on smaller Q1 rev decline, Q2 optimism

Tata Technologies

15/07/2025 05:59

** Tata Technologies TATE.NS gains 2.9% to 737.5 rupees, a more than 4-week high

** Engineering, research and development firm posts smaller-than-expected Q1 revenue drop on deal wins

** Optimistic about sequential recovery in Q2, stronger H2 FY26

** However, ICICI Securities expects FY26 growth to likely be weak; maintains "sell" at PT of 510 rupees

** Models a 1.5% y/y USD dip in FY26 vs co's double-digit revenue growth aspiration

** Stock rated "sell" on avg; median PT is 640 rupees, per data compiled by LSEG

** YTD, TATE down ~17%

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))