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The Economic Times
The Economic Times
Business
Veer Sharma

Tata Tech shares rally 8% after Q2 results, but Goldman Sachs and JM Financial stay bearish. Here's why

JM Financial Tata Tech Goldman Sachs Tata Technologies

Shares of Tata Technologies rallied 8% to Rs 808 on the BSE on Thursday after the company reported a 4% year-on-year (YoY) increase in second-quarter net profit to Rs 171 crore for the quarter ended September 30, 2026, compared with Rs 166 crore a year earlier.

Operating revenue grew 28% YoY to Rs 1,699 crore, driven by strong momentum in the services business and continued demand from automotive and manufacturing clients. Services revenue rose 34% to Rs 1,356 crore.

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