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Tata Technologies moves up on collaborating with Air India Tata Technologies is currently trading at Rs. 1006.05, up by 6.25 points or 0.63% from its previous closing of Rs. 999.80 on the BSE. The scrip opened at Rs. 1000.55 and has touched a high and low of Rs. 1016.85 and Rs. 1000.55 respectively. So far 24038 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1400.00 on 30-Nov-2023 and a 52 week low of Rs. 970.55 on 05-Aug-2024. Last one week high and low of the scrip s...
Tata Technologies moves up on collaborating with Air India
Tata Technologies moves up on collaborating with Air India
Source: Accord Fintech
2024-10-29 10:26:20 am
Tata Technologies reports over 3 pc decrease in net profit in Q2 FY25 Tata Technologies on Monday reported over 3 per cent decrease in net profit (quarter-on-quarter) at Rs 157.41 crore in Q2 FY25 from 162.03 crore in Q1 FY25, or over 1.5 per cent down from the year-ago period (Rs 160.38 crore).  The leading global engineering services company reported operating revenue at Rs 1,296 crore, up 2.1 per cent YoY and 2.2 per cent QoQ. Services segment revenue stood at Rs 1,005 crore, an increase of 1 per cent YoY and 2 per cent QoQ. The company hired 1...
Tata Technologies reports over 3 pc decrease in net profit in Q2 FY25
Tata Technologies reports over 3 pc decrease in net profit in Q2 FY25
Source: IANS
2024-10-29 09:42:48 am
Buy Tata Technologies Ltd For Target Rs. 1,250 By JM Financial Services TATATECH Plant Visit: Showcasing silverware In our recent visit to TATATECH’s Pune campus (Lab/Digital Studio), we got a first-hand glimpse of the breadth and depth of TATATECH’s offerings. These span its full vehicle capabilities, product benchmarking, battery design, digital engineering and Software Defined Vehicle (SDV). Apart from its engineering capabilities, TATATECH is deeply entrenched in automotive value chain across sourcing (1,200+ global sourcing partners), costing ...
Buy Tata Technologies Ltd For Target Rs. 1,250 By JM Financial Services
Buy Tata Technologies Ltd For Target Rs. 1,250 By JM Financial Services
Source: JM Financial Services
2024-09-12 05:57:45 pm
Buy Tata Technologies Ltd For Target Rs. 1,250 By JM Financial Services In our recent visit to TATATECH’s Pune campus (Lab/Digital Studio), we got a first-hand glimpse of the breadth and depth of TATATECH’s offerings. These span its full vehicle capabilities, product benchmarking, battery design, digital engineering and Software Defined Vehicle (SDV). Apart from its engineering capabilities, TATATECH is deeply entrenched in automotive value chain across sourcing (1,200+ global sourcing partners), costing (value engineering, benchmarking), testing (glo...
Buy Tata Technologies Ltd For Target Rs. 1,250 By JM Financial Services
Buy Tata Technologies Ltd For Target Rs. 1,250 By JM Financial Services
Source: JM Financial Services Ltd
2024-09-02 12:56:05 pm
Tata Technologies terminates project to develop 36 government ITIs in Chhattisgarh Global engineering and product development company Tata Technologies on Saturday said that it has cancelled a project worth Rs 1,188.36 crore to develop 36 government ITIs (industrial training institutes) in Chhattisgarh.  In a regulatory filing with the stock exchange, the company said it received a letter from the Chhattisgarh government, “informing the company about closure of the Project and termination of the MoA (memorandum of agreement) as they are exploring alternate opt...
Tata Technologies terminates project to develop 36 government ITIs in Chhattisgarh
Tata Technologies terminates project to develop 36 government ITIs in Chhattisgarh
Source: IANS
2024-08-10 05:24:16 pm
Buy Tata Technologies Ltd For Target Rs. 1,250 By JM Financial Services TATATECH reported a soft 1Q. Consol. revenues declined 2.5% cc QoQ, missing JMFe: +0.7%. Services revenues declined 1.3% as last leg of Vinfast ramp-down and few client specific project delays weighed. Tech services declined 7.4% QoQ (+6.4% YoY) due to seasonal weakness in products business. Management sees 1Q decline in Services as transitory. Absence of Vinfast decline and resumption of delayed projects should help accelerate sequential growth from Q2 onwards. 5 deal wins across Auto and Ae...
Buy Tata Technologies Ltd For Target Rs. 1,250 By JM Financial Services
Buy Tata Technologies Ltd For Target Rs. 1,250 By JM Financial Services
Source: JM Financial Services
2024-07-19 03:19:36 pm
Tata Technologies moves up on collaborating with Microsoft and Tata Motors Tata Technologies is currently trading at Rs. 1032.50, up by 2.50 points or 0.24% from its previous closing of Rs. 1030.00 on the BSE. The scrip opened at Rs. 1036.05 and has touched a high and low of Rs. 1044.00 and Rs. 1030.00 respectively. So far 26051 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1400.00 on 30-Nov-2023 and a 52 week low of Rs. 982.25 on 04-Jun-2024. Last one week high and low of the scrip ...
Tata Technologies moves up on collaborating with Microsoft and Tata Motors
Tata Technologies moves up on collaborating with Microsoft and Tata Motors
Source: Accord Fintech
2024-06-19 09:54:04 am
Tata Technologies inches up on deploying SAP S/4 HANA for Mitsubishi Electric India Tata Technologies is currently trading at Rs. 1062.00, up by 5.20 points or 0.49% from its previous closing of Rs. 1056.80 on the BSE. The scrip opened at Rs. 1065.60 and has touched a high and low of Rs. 1067.00 and Rs. 1058.05 respectively. So far 6215 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1400.00 on 30-Nov-2023 and a 52 week low of Rs. 982.25 on 04-Jun-2024. Last one week high and low of the scrip s...
Tata Technologies inches up on deploying SAP S/4 HANA for Mitsubishi Electric India
Tata Technologies inches up on deploying SAP S/4 HANA for Mitsubishi Electric India
Source: Accord Fintech
2024-06-11 10:57:01 am
Buy Tata Technologies Ltd For Target Rs. 1,370 - JM Financial Institutional Securities Tata Technologies (TATATECH IN; BUY) announced a JV with the BMW group. The JV entails building a software hub with 1,000+ resources offering automotive software and digital engineering services for the BMW group. Our back of the envelop calculation indicates the JV, at steady state, could add 4-5% to our current earnings estimates. Near-term earnings upside aside, the implications of the deal seem far reaching to us. It allays concerns that TATATECH’s parentage is a hurdle in getting b...
Buy Tata Technologies Ltd For Target Rs. 1,370 - JM Financial Institutional Securities
Buy Tata Technologies Ltd For Target Rs. 1,370 - JM Financial Institutional Securities
Source: JM Financial Services
2024-05-19 11:47:08 am
Tata Technologies clocks profit before tax at Rs 932 crore in FY24 Tata Technologies Limited on Friday reported profit before tax (PBT) at Rs 932 crore in FY24, a 17.1 per cent growth (year-on-year), as the board recommended a final dividend of Rs 8.40 per equity share and a special dividend of Rs 1.65 per share. The global engineering services company registered 15.9 per cent growth in total operating revenue to Rs 5,117 crore in the last fiscal year. The company said that in the last three years, revenue from operations has grown at 29 per cent compo...
Tata Technologies clocks profit before tax at Rs 932 crore in FY24
Tata Technologies clocks profit before tax at Rs 932 crore in FY24
Source: IANS
2024-05-03 05:07:32 pm
BMW Group, Tata Technologies to develop automotive software solutions in India The BMW Group and Tata Technologies on Tuesday announced they are establishing an automotive software and IT development hub with locations in Pune, Bengaluru and Chennai. The new joint venture (JV) will deliver automotive software, including software-defined vehicle (SDV) solutions for BMW Group’s premium vehicles and digital transformation solutions for its business IT. The JV will commence operations with 100 employees and intends to grow to a four-digit number in the following...
BMW Group, Tata Technologies to develop automotive software solutions in India
BMW Group, Tata Technologies to develop automotive software solutions in India
Source: Reuters
2024-04-02 09:53:19 am
Buy Tata Technologies Ltd. For Target Rs.1,370 By JM Financial Services Making the right moves Tata Technologies’ (TATATECH IN) 3QFY24 performance tracked expectations. Consol. revenues grew by 1.9% QoQ in cc terms. Services (78% of rev.) was soft (-0.5% cc QoQ) – led by seasonality and anticipated ramp-down in Vinfast ( a top-3 account). Usual year-end spike in Product segment pushed up Technology Solutions revenues (+4.5% QoQ), making up for a soft Services. Operational efficiency and lower sub-con drove 140bps QoQ expansion in EBITDA margin. Man...
Buy Tata Technologies Ltd. For Target Rs.1,370 By JM Financial Services
Buy Tata Technologies Ltd. For Target Rs.1,370 By JM Financial Services
Source: JM Financial Services
2024-03-27 12:42:50 pm
Public equity fundraising increased by a huge 142 pc to Rs 1.86 lakh crore Overall public equity fundraising increased by a huge 142 per cent to Rs 1.86 lakh crore in 2023-24 from Rs 76,911 crore in 2022-23. Pranav Haldea, Managing Director, Prime Database, said 76 Indian corporates raised Rs 61,915 crore through main board IPOs in financial year 2023-24, 19 per cent higher than the Rs 52,116 crore mobilised by 37 IPOs in 2022-23. The largest IPO in 2023-24 was from Mankind Pharma (Rs 4,326 crore). This was followed by Tata Technologies (Rs 3,043 crore) and JS...
Public equity fundraising increased by a huge 142 pc to Rs 1.86 lakh crore
Public equity fundraising increased by a huge 142 pc to Rs 1.86 lakh crore
Source: IANS
2024-03-26 04:43:01 pm
Tata Technologies appoints Sukanya Sadasivan as Chief Operating Officer Global engineering and digital services company Tata Technologies on Thursday announced the appointment of Sukanya Sadasivan as its new Chief Operating Officer (COO), who will focus on strengthening delivery, practice and internal digital and IT systems. With over three decades at Tata Consultancy Services (TCS) in various roles, COO Sadasivan brings a wealth of knowledge and experience to Tata Technologies, the company said in a statement. She will report to Warren Harris, CEO and Mana...
Tata Technologies appoints Sukanya Sadasivan as Chief Operating Officer
Tata Technologies appoints Sukanya Sadasivan as Chief Operating Officer
Source: IANS
2024-03-14 03:48:42 pm
Tata, Uber plan to expand operations in Telangana Tata Group and Uber plan to expand their operations in Telangana while Systra Group is looking to set up a digital centre. This was the outcome of the meetings Telangana delegation led by Chief Minister A. Revanth Reddy had with representatives of these companies on the sidelines of World Economic Forum (WEF) annual meeting in Davos. The Chief Minister met Natarajan Chandrasekaran, Chairman of Tata Sons. They discussed Tata Group's ongoing and future business plans for Telangana. ...
Tata, Uber plan to expand operations in Telangana
Tata, Uber plan to expand operations in Telangana
Source: IANS
2024-01-19 11:47:34 am
Tata Technologies sets up innovation centre in Coimbatore Product engineering and digital services company Tata Technologies on Thursday said it inaugurated its first innovation centre in Coimbatore. The company said the centre is focused on innovating solutions for global customers through development, testing, and integration of vehicle software solutions. The new centre at Coimbatore will provide new opportunities for local talent to work on global projects, upskill in new vehicle software areas, and innovate solutions across the automotive...
Tata Technologies sets up innovation centre in Coimbatore
Tata Technologies sets up innovation centre in Coimbatore
Source: IANS
2023-12-14 05:57:51 pm
Outcome of state election results hints at continued uprun in market  The outcome of state election results hints towards continued uprun in the market, Dhiraj Relli, MD & CEO at HDFC Securities, said on Monday. While part of the outcome was discounted in advance, there is a scope for a further upmove, discounting the positive surprises coming out from the results, he said. “Having said that, we could witness some profit taking at higher levels due to end of a near-term uncertainty," Relli added. If FPIs indulge in large short cove...
Outcome of state election results hints at continued uprun in market
Outcome of state election results hints at continued uprun in market
Source: IANS
2023-12-03 06:21:08 pm
Tata Technologies records seventh-highest listing day gains Tata Technologies, which had a bumper listing on Thursday, recorded the seventh-highest listing day gains, said Vaibhav Vidwani, Research Analyst at Bonanza Portfolio. Tata Technologies had a listing gain of 168 per cent on Thursday. The highest listing day gain was recorded by Burnpur Cement in 2008 at 286 per cent. This was followed by Sigachi Industries with a listing day gain of 270 per cent in November 2021. Allied Computers International had a listing day gain of 214 per cent in 2...
Tata Technologies records seventh-highest listing day gains
Tata Technologies records seventh-highest listing day gains
Source: IANS
2023-11-30 05:47:18 pm
India`s Tata Technologies soars 140% in pre-open debut trade Shares of India's Tata Technologies surged 140% in their trading debut on Thursday, valuing the company at 486.80 billion rupees ($5.84 billion). The stock debuted at 1,200 rupees in pre-open trade, compared with its initial public offer (IPO) price of 500 rupees. This is the first Tata Group company to go public since Tata Consultancy Services listed in 2004. The benchmark Nifty 50 index was up 0.1%. ($1 = 83.3040 Indian rupees)
India`s Tata Technologies soars 140% in pre-open debut trade
India`s Tata Technologies soars 140% in pre-open debut trade
Source: Reuters
2023-11-30 10:27:13 am
Coming week`s market report By Arvinder Singh Nanda, Master Capital Services Ltd Below the upcoming week's market report By Arvinder Singh Nanda, Vice President of Master Capital Services Ltd Benchmark indices continued to rally and rose for the 4th consecutive week. All sectoral indices ended in green weekly basis except IT, PSU Bank, and FMCG. The realty sector gained the most among the sectors.   The week was about IPOs with more than five companies -Tata Technologies, Flair Writing, Fedbank Financials, Gandhar Oil Refinery, a...
Coming week`s market report By Arvinder Singh Nanda, Master Capital Services Ltd
Coming week`s market report By Arvinder Singh Nanda, Master Capital Services Ltd
Source: PR Agency
2023-11-26 11:11:27 am
India`s Tata Technologies` IPO garners bids worth over $18 billion India's Tata Technologies' 30.43 billion rupee ($366 million) initial public offering (IPO) remained the most oversubscribed domestic IPO this week, signalling robust demand for the Tata group's first public float in nearly two decades. Investors bid for about 3.13 billion shares worth 1.56 trillion rupees ($18.74 billion) by the close of subscriptions on Friday, compared with the 45 million shares on offer, with institutional investors showing the most interest....
India`s Tata Technologies` IPO garners bids worth over $18 billion
India`s Tata Technologies` IPO garners bids worth over $18 billion
Source: Reuters
2023-11-25 09:14:59 am
IPO NOTE : Tata Technologies Ltd By Motilal Oswal Financial Services Pure-play ER&D & Digital Solutions Specialist: Tata Technologies (TTL) is leading global engineering services player offering product development (80% of 1HFY24 revenue) and digital solutions (20%) including turnkey solutions to global OEMs and their Tier-1 suppliers. It is ranked 1 st among all India-based ER&D service providers & top 2 globally, in electrification. It is primarily focused on the automotive industry (70% 1HFY24 revenue). Diversifying client base and servic...
IPO NOTE : Tata Technologies Ltd By Motilal Oswal Financial Services
IPO NOTE : Tata Technologies Ltd By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-11-22 04:19:03 pm
India`s Tata Technologies shines in busy week for IPOs India's Tata Technologies' 30.43 billion-rupee ($366 million) initial public offering was oversubscribed on Wednesday, more than the other four IPOs this week, signaling strong demand for the Tata Group's first public float in nearly two decades. Tata Technologies, which provides engineering and technology services to auto, aero and heavy machinery makers, will be valued at 202.83 billion rupees at the top end of the price band of 475-500 rupees. Investors bid...
India`s Tata Technologies shines in busy week for IPOs
India`s Tata Technologies shines in busy week for IPOs
Source: Reuters
2023-11-22 04:03:25 pm
IPO NOTE : Tata Technologies Ltd By Geojit Financial Services Driving Innovation in the Automotive Realm Tata Technologies Ltd. (TTL), established in 1994, a subsidiary of the Tata Motors, is a prominent global engineering services company. Specializing in product development and digital solutions, including turnkey solutions, TTL serves global original equipment manufacturers (OEMs) and their Tier 1 suppliers. The key business segments include Services (contributes ~80% of FY23 revenue) and Technology solutions (contributes to ~20% of FY23 revenue)....
IPO NOTE : Tata Technologies Ltd By Geojit Financial Services
IPO NOTE : Tata Technologies Ltd By Geojit Financial Services
Source: Geojit Financial Services Ltd
2023-11-22 10:42:15 am
IPO NOTE : Tata Technologies Ltd By Nirmal Bang BACKGROUND Incorporated in 1994, Tata Technologies Ltd (TTL), part of the Tata Group & subsidiary of Tata Motor, is a pure-play manufacturing focused ER&D company, primarily focused on the automotive industry .TTL is currently engaged with 7 out of the top 10 automotive ER&D spenders and 5 out of the 10 prominent new energy ER&D spenders in 2022. The company have a diversified global client base from India, Europe, North America and the rest of the world. Repeat business st...
IPO NOTE : Tata Technologies Ltd By Nirmal Bang
IPO NOTE : Tata Technologies Ltd By Nirmal Bang
Source: Nirmal Bang Ltd
2023-11-21 04:35:31 pm
India`s Tata Technologies sets IPO price band at 475-500 rupees per share India's Tata Technologies set a price band of 475-500 rupees per share for its initial public offering, per a term sheet and newspaper ad on Thursday, valuing the first Tata Group company to go public in nearly two decades at roughly $2.5 billion. India has had a record 194 IPOs so far this year, during which the stock market has hit record highs as the country's economic growth prospects and a vast consumer base make it an attractive prospect for companies and investors. Tata T...
India`s Tata Technologies sets IPO price band at 475-500 rupees per share
India`s Tata Technologies sets IPO price band at 475-500 rupees per share
Source: Reuters
2023-11-16 09:10:51 am
India`s Tata Technologies` IPO to open on November. 22 India's Tata Technologies' initial public offering will open for subscription on Nov. 22, its parent Tata Motors said late Monday, in what will be the first Tata Group IPO in nearly two decades. Tata Technologies, which provides engineering and product development digital services, said its IPO would comprise an offer for sale of 60.9 million shares, representing 15% of its paid-up capital. That is lower than the 23.6% indicated in its draft prospectus. Tata Motors will offlo...
India`s Tata Technologies` IPO to open on November. 22
India`s Tata Technologies` IPO to open on November. 22
Source: Reuters
2023-11-14 10:41:00 am