JPMorgan Upgrades Tata Technologies, Stock Jumps 4% Amid Demand Surge

• JPMorgan upgraded Tata Technologies stock from "underweight" to "neutral" and raised its price target to ₹710.
• The upgrade is driven by improving auto Engineering Research & Development (ER&D) demand, especially in the European Union.
• JPMorgan revised revenue estimates for FY26-28 by 2-8% and margin estimates by 70-90 bps, leading to a 2-6% EPS upgrade.
• Shares of Tata Technologies gained close to 4% on Tuesday and 4.5% on Wednesday following the upgrade.
• Despite the upgrade, the stock is still down over 54% from its November 2023 peak of ₹1,400, and most analysts remain bearish.

Why It Matters: JPMorgan upgrades Tata Technologies stock to 'neutral' on improved demand, sparking a 4% rally.