Shares of Tata Technologies slid 25% from Wednesday’s close to ₹750.55 after Goldman Sachs reiterated its sell rating and target of ₹560, indicating a steep downside.
The company posted Q2 revenue up 1.9% sequential constant‑currency, falling short of the ₹1% consensus estimate, while EBITDA margin hit 16.1%, 3% below the 19% forecast.
JPMorgan, on the other hand, upgraded the stock to neutral, raised its target to ₹660 from ₹540, and highlighted services revenue growing 4.3% sequentially—above the 4% estimate—and a 7% rise excluding Es‑Tec.
Management flagged a $138 million contract with a leading EU luxury OEM, set to ramp in H2 FY27, and reaffirmed a double‑digit organic revenue growth trajectory for FY27, giving the firm a clearer upside profile.
With 18 analysts covering the stock—nine sell, five hold, four buy—market sentiment remains split, and the automotive sector’s slowdown, compounded by Volkswagen’s troubles, weighs on the company’s near‑term profitability outlook.