Tenneco Clean Air India rises after Axis Capital retains 'buy', hikes price target
04/06/2026 07:13
BUZZ-Tenneco Clean Air India rises after Axis Capital retains 'buy', hikes price target ** Shares of automotive emissions control systems maker Tenneco Clean Air India TENN.NS rise as much as 4.34% to 595 rupees
** Axis Capital reiterates "buy" on the stock and raises price target to 660 rupees from 650 rupees earlier, implying an upside of 15.7% over its last close
** Says TENN is a play on structural premiumization trends and the shift towards stringent emission norms in India
** Brokerage raises earnings estimates for financial year 2027 and 2028 by 1%-2%
** Sees exports as an added growth driver for TENN over the medium term
** TENN shares are up 15.2% in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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