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Tata Group’s Last IPO Now In Buying Zone; Opportunity For New Investors To Enter

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Tata Technologies Ltd (NSE: TATATECH): Today, in this post we’ll discuss about Tata Technologies latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

Tata Group’s last IPO Tata Technologies was much talked about and this stock was listed on November 30, 2023 last year for Rs 1200, a premium of 60 percent more than its issue price of Rs 500.

This stock reached a high price of Rs 1400 on its listing day itself which resulted in profit booking.

Shares of Tata Technologies Ltd have not reached the price of Rs 1200 since December 2023, which is also its listing price. However, on the last trading day of the March 2024 series, this stock made its new low level and saw a level of Rs 1020.

This price is still higher than the issue price, but it is also an opportunity for new investors to enter.

Shares of Tata Tech closed 4.32 percent higher at Rs 1,095.15 in the second session of the April 2024 series on Tuesday. During this period, some jump was seen in its price from lower levels. 

Although data of only 87 trading sessions is available on the chart of Tata Tech, as this stock has been listed recently only on November 30, 2023, it is visible on the daily chart that after Monday’s trading session, this stock is now in a trend.

In the coming days, Tata Tech can consolidate between 1030 to 1060 levels and after that, it can give an upward breakout by forming a strong pattern on the daily chart.

The company’s fundamentals are strong, and investors are seeking ways to gain entry into it.

According to the data, Tata Tech is being reported by 13 analysts, out of which 11 reports say that Tata Tech stock is in the buying zone and should be bought at the current levels after falling from the upper levels.

Company Performance

However, in the quarter ending December 2023, there was a jump of 39.21 percent in the revenue as compared to the revenue of December 2022 and it increased from Rs 511.60 crore to Rs 712.2 crore.

Similarly, during the same period, there was a jump in operating profit and it increased to Rs 131.9 crore as against Rs 60.2 crore.

Last year, annual revenue increased by 25.81% to Rs 4,501.93 crore. Its average revenue growth in the last financial year was 21.93%. 

If we look at its PE ratio, it is 57.65, which is higher than its sector PE ratio of 33.11. This is a negative point, but the company is debt-free. Since the company is debt-free, its debt-to-equity ratio is zero.

Its return on equity (ROE) was 20.87% in the last financial year, up from 20% in the previous financial year, indicating efficient use of shareholder’s capital to generate profits.

About Tata Technologies Ltd 

Tata Technologies Ltd is an engineering service provider that provides the development of products as well as digital services, such as turnkey solutions for OEMs (OEMs) along with their Tier-1 suppliers. 

It aims to add value for its customers by aiding them in developing more secure products, as well as cleaner and enhance the quality of living of their customers. 

It is a specialist in the field of automotive and uses this knowledge to support its clients in other industries like aerospace and transportation as well as construction machinery. 

As a company, it brings together teams from all over the globe with a variety of capabilities to work together in real-time and resolve complicated engineering problems for its customers.

Tata Technologies has its headquarters in Pune and its regional offices in America.

Fundamental Analysis of Tata Technologies Ltd

Market Cap₹ 44,297 Cr.
Current Price₹ 1,095.15
52-wk High₹ 1,400 
52-wk Low₹ 1,020
Stock P/E71.0
Book Value
Dividend0.00 %
ROCE28.1 %
ROE23.7 %
Face Value₹ 2.00
P/B Value
OPM18.6 %
EPS₹ 15.4
Debt₹ 255 Cr.
Debt to Equity0.09

Tata Technologies Ltd Shareholding Pattern

Promoters Holding
Dec 2022
Mar 2023
June 2023
Sept 2023
Dec 202355.39%
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FII Holding
Dec 2022
Mar 2023
June 2023
Sept 2023
Dec 20232.02%
DII Holding
Dec 2022
Mar 2023
June 2023
Sept 2023
Dec 20232.50%
Public Holding
Dec 2022
Mar 2023
June 2023
Sept 2023
Dec 202340.09%
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Tata Technologies Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019
2020₹ 2,942 Cr
2021₹ 2,852 Cr
2022₹ 2,381 Cr
2023₹ 4,414 Cr

Last 5 Years’ Net Profit:

2019
2020₹ 353 Cr
2021₹ 252 Cr
2022₹ 239 Cr
2023₹ 624 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230
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Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:34%
Current Year:43%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:
3 Years:19%
Last Year:24%

Sales Growth Over 10 Years:

10 Years:
5 Years:
3 Years:16%
Current Year:25%

Conclusion

This article is a complete guide about Tata Technologies Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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