Motilal Oswal Recommends 'BUY' on Tube Investments of India; Target Rs 3315

• Motilal Oswal reiterates 'BUY' rating for Tube Investments of India (TIINDIA).
• Target price set at Rs 3315, based on Dec'27E SoTP.
• TIINDIA's 3Q adjusted PAT exceeded estimates by 9% due to strong engineering business margins.
• Company offers diversified revenue streams and healthy growth in core business.
• Standalone business is attractively valued at 8.2x / 7.5x FY27E/FY28E EPS, adjusted for stakes in CG Power and Shanti Gears.