Tata Technologies’ shares rose by 1.7% to Rs 1,016.85 on BSE after reporting a 2% decline in net profit to Rs 157 crore for Q2 FY24. Revenue increased by 2% to Rs 1,296 crore, with EBITDA rising 10%, improving margins to 18.2%. The company maintains a strong order book and expects better performance in H2 FY24.
Will BDL, HAL & other defence stocks deliver rocketing returns? Here’s why this brokerage remains bullish
India’s defence sector is gaining momentum on the back of rising defence spending, localisation, strong order pipelines and growing exports. Bajaj Broking remains bullish on