India's Tata Technologies down on quarterly profit fall

Tata Technologies

06/05/2024 07:29

** Shares of Tata Technologies  TATE.NS  fall as much as 5%
to 1,032.70 rupees; last down 3.5%
    ** The engineering and technology services provider reports
a 27.4% fall in March-qtr consol net profit
    ** TATE on track for second straight session of losses, with
trading vol on the day already equal to 30-day avg
    ** Avg rating of 7 analysts is "sell" on TATE; median PT is
920 rupees -LSEG data
    ** Stock down ~11% YTD, had lost 10% in 2023

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))