India's Tata Tech gains on Telechips partnership for automotive software
08/01/2025 08:27
** Tata Technologies TATE.NS gain ~1% to 890 rupees in
heavy volume; had risen as much as 3.5% earlier
** Tata Tech, South Korean chipmaker Telechips 054450.KQ
partner to develop software solutions, incl advanced driver
assistance systems and automotive cockpit domain controllers
** TATE volumes at 2.2x the 30-day avg, set for busiest day
in over two-months
** Stock lost ~24% in 2024 vs ~24% gains in Nifty mid-cap
index .NIFMDCP100
** Analysts' avg rating on stock is "hold", median PT is
852.5 rupees - LSEG data
(Reporting by Manvi Pant in Bengaluru)
((Manvi.Pant@thomsonreuters.com; +918447554364;))