Tata Tech shares fall 2% after Q1 results fail to impress. Should you still invest?

Shares of Tata Technologies on Friday fell 2% to the day’s low of Rs 989 on BSE after the company recorded a 15% year-on-year (YoY) decline in its quarterly net profit at Rs 162.03 crore.

The company’s net profit was weighed down by an increase in expenses incurred for the purchase of technology solutions. Sequentially, the net profit has increased by 3.04%.