Strong Partnership And Technicals Will Boost The Stock Prices
✅ Tata Technologies is trading within a descending channel and nearing strong support levels around INR 980. A breakout above the upper resistance line at INR 1,040 could signal a trend reversal and a potential rally towards INR 1,200.
✅ Recently, Tata Technologies reported a net profit increase of 6.1% sequentially for Q3 FY24, reaching INR 170.2 crore. The company also secured four major automotive deals, including a $50 million contract, showcasing its strength in the automotive engineering sector.
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