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Tata Technologies is anticipated to report subdued third quarter results with marginal revenue growth of around 0.3%, but an 8% decline in net profit to Rs 157 crore. The companys revenue from the services segment faces headwinds from auto sector weakness and reduced client spending despite a healthy order book.
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Benchmark indices saw significant gains on Monday, boosted by banking, financial, and power stocks. Tata Technologies remains in a downtrend, Paytm shows signs of weakening, and Dixon Technologies continues to maintain a robust primary uptrend. Analysts offer cautious investment recommendations for the upcoming trading sessions.
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Approximately 31 companies will announce their Q3 results, including Tata Technologies, ICICI Prudential Life, and Indiamart. Tata Technologies is expected to report marginal revenue growth and a dip in net profit. Key focus areas include medium-term client spends, Airbus engagements, and technology solutions segment outlook. Investors will closely watch for updates on these aspects.
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