Tata Technologies shares surged 6.45% to ₹713.40 on Thursday as investors lapped up the stock after a sharp correction in recent sessions. According to Business Standard, the stock had declined 11.71% over the previous five trading sessions before the recovery. Despite the recent weakness, the stock has rallied 31.87% over the past three months and is up 1.11% over the past year. The rebound came as bargain hunting emerged across IT stocks after the sector witnessed heavy selling earlier this week, with the Nifty IT index gaining nearly 4.5% on Thursday.
The stock performance follows the announcement of an expanded partnership with global automotive component manufacturer Tenneco, with the agreement formally commemorated at Bombay House, the Tata Group's headquarters in Mumbai. The collaboration, established in 2021, has grown to support Tenneco's broader engineering and business transformation priorities, with the partnership leveraging India's engineering talent to accelerate innovation and help Tenneco respond more quickly to evolving global market requirements. The partnership involves a significant financial commitment from Tenneco, with the company expected to invest over $100 million in this engagement over the next five years, anchored by Tata Technologies' Global Engineering Center in Pune.
For Q4 FY26, Tata Technologies reported strong results with consolidated net profit surging 8.1% YoY to ₹204.17 crore compared to ₹188.87 crore in the corresponding period of the previous fiscal year. According to Business Standard, revenue from operations advanced by 22.29% YoY to ₹1,572.22 crore during the quarter, compared to ₹1,285.65 crore in Q4 FY25, with sequential growth of 15.1% QoQ from ₹1,365.73 crore. Operating EBITDA increased 8% YoY to ₹252.1 crore, up 30.7% QoQ from ₹192.9 crore in the December quarter. Notably, the company's Q4 FY26 net profit was sharply higher than ₹6.64 crore reported in Q3 FY26, indicating strong quarter-on-quarter improvement.
As reported by Business Standard, the stock had hit a 52-week high of ₹784 on June 9, 2026, and a 52-week low of ₹507.40 on March 30, 2026. According to NSE data, as of July 2, 2026, the company has a total market capitalisation of ₹28,565.75 crore. The selling earlier this week was exaggerated due to a warning issued by fellow ER&D peer KPIT Tech about revenue declining in Q1 due to issues at its key automotive client. The recovery lifted several IT names, including Infosys, HCLTech and Coforge, while Tata Technologies outperformed with gains of more than 6%.
