E-Commerce/App based Aggregator
E-Commerce - Platform - Utility
from 1,500 today
TBO Tek maintained a steady business trajectory in Q1FY27 with robust performance despite geopolitical headwinds, leading us to maintain our BUY rating with an upwardly revised target price of Rs2,200.
TBO Tek reported a strong performance in Q1FY27 with revenue growing 81% YoY to INR 9.3bn, driven by solid execution despite macro headwinds. While we remain positive on the medium-term outlook, we downgrade the stock to HOLD from Add due to recent price appreciation and continued uncertainty in the Middle East market.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
