Revenue grew 11.4% to Rs 8,572 crore, but the bottom line of Rs 1,418 crore missed Bloomberg’s consensus estimate of Rs 1,514 crore.

UBS has upgraded its rating to 'buy' from 'neutral', while Jefferies has downgraded Kajaria Ceramics' rating to 'hold' from 'buy'.

Tata Group is building a vertically integrated ecosystem for technology hardware and semiconductor manufacturing, Chandrasekaran said.