Tube Investments of India shares rise after the company reports Q1FY27 earnings. Profit falls 5% year-on-year to Rs 158.62 crore, while revenue increases 17.7% to Rs 2,227.63 crore. Motilal Oswal’s brokerage view supports the move, with it retaining a Buy rating and a target price of Rs 3,379.
Motilal Oswal attributes the bullish stance to what it describes as strong performance in the core business, including about 17% engineering volume growth and double-digit export growth. NDTV adds that the results also show near-term margin pressure, but points to diversification across revenue streams, including the core business and CG Power, as well as the “optionality” from new businesses being developed under the TI-2 strategy.
Across the coverage, the main differences are emphasis: Economic Times focuses on operational growth metrics and the broker’s upside target, while NDTV highlights margin headwinds and diversification and incubation strategy as reasons to remain positive.
