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Stocks of Tata Tech rise 12% following a joint venture with BMW; read what brokers have to say about the Tata group company.

Tata Technologies shares saw an upbeat investor sentiment today, rallying over 12% after announcing a joint venture (JV) with German automaker BMW.

Under the JV, Tata Tech and BMW will collaborate on research and development of new-age automotive technologies like electric vehicles and digitization of processes.

Brokerages feel this partnership enhances Tata Tech’s capabilities and presence in the attractive EV market. The company’s engineering expertise and BMW’s leadership will combine to create advanced solutions.

Some note Tata Tech is well-positioned to benefit as automakers increasingly outsource design and engineering work. Growing orders from marquee clients point to strong revenue/profit visibility.

While near-term challenges persist, most analysts remain optimistic about the long-term prospects. Upside risks to estimates provide comfort. A few suggest accumulating the stock on dips.

With the global push for greener mobility and rising digitalization trends, such deals open new avenues for Tata Tech. Investors will watch how the JV value unlocking unfolds in the competitive industry.

Source
bt Market Today

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