Tata Technologies Share Price | Important advice from expert on Tata Technologies share, should the stock be BUY or SELL? – NSE: TATATECH
Tata Technologies Share Price | Tata Technologies Limited, a subsidiary of Tata Group, has reported disappointing second quarter results. Tata Technologies Limited (NSE: FATHER) has recorded a slight decline in profits in the second quarter. Tata Technologies Limited shares declined on Tuesday. However, experts have made positive predictions about Tata Technologies share. (Tata Technologies Limited Company Excerpt)
Company's second quarter results
Tata Technologies Ltd's net profit declined 1.85 percent to Rs 157.41 crore in the second quarter. Due to this, Tata Technologies had made a net profit of Rs 160.38 crore in the same quarter of the last financial year. Tata Technologies Ltd said its income from operations in the second quarter stood at Rs 1,296.45 crore, compared to Rs 1,269.17 crore in the same quarter last year. Total expenses increased marginally to Rs 1,095.40 crore in the second quarter, according to data provided by Tata Technologies Ltd. On Thursday (31 October 2024), the stock was trading at Rs 1,004, down 0.08%.
Current status of stock
On Wednesday, October 30, Tata Technologies shares closed 0.69 percent higher at Rs 1,006.65. In November 2023, Tata Technologies Limited Company share price reached the level of Rs 1400. This was the stock's 52-week high. The stock will trade in August 2024 at Rs. A low of 970 was hit. The total market cap of Tata Technologies Limited is Rs 40,879 crore.
JM Financial Brokerage Firm – BUY Rating
JM Financial brokerage firm has given BUY rating for Tata Technologies Limited Company shares. JM Financial brokerage firm has increased the old target price of Tata Technologies Limited Company shares from Rs 1,300 to Rs 1,290.
Incred Equity Brokerage Firm
According to Incred Equity brokerage firm, the second quarter results of Tata Technologies Limited are below expectations. According to Incred Equities brokerage firm, Tata Technologies Limited has given a target price of Rs 740 for the company share.
How much return did the stock give?
Tata Technologies Limited shares have fallen 5.64% in the last 6 months. The stock has declined 23.31% in the last 1 year. The stock is down 14.69% on a YTD basis.
company shareholding pattern
As per the shareholding pattern, Tata Technologies Limited holds 55.22% stake in the company. Public shareholding stake is 44.78%. Promoter Tata Motors holds 21,65,69,816 shares i.e. 53.39%.
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