Citi initiates Tenneco Clean Air India with "buy"; stock rises 6.2%

ReutersApr 1, 2026 4:45 AM

Citi Research initiates Tenneco Clean Air India TENN.NS with "buy" rating and PT of 650 rupees

Stock rises 6.2% to 547.15 rupees

Citi says its rating for TENN reflects attractive revenue growth prospects, strong parentage of Tenneco Group, and healthy return ratios

Says TENN has access to global technology as it is part of Tenneco Group

"Additionally, orders from Tenneco’s other locations could also be transferred to Tenneco Clean Air India, significantly boosting exports," Citi adds

YTD, TENN up 6.8%

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