Tata Technologies Ltd (NSE: TATATECH): There is a sound of a bull run in the stock market. Stocks like SBI, and ICICI Bank are on the rise. On the other hand, Nifty’s heavyweight stock HCFC Bank has also gained momentum. The market momentum may continue in the coming days.
Meanwhile, Tata Group’s famous stock Tata Tech continued to rise for the third consecutive day and on Wednesday this stock remained on such a rise that it broke its important resistance level. Shares of Tata Tech closed at the level of Rs 1,154.30 in Wednesday market after rising by 0.14%.
Tata Technologies Ltd has formed a bullish structure on the daily chart. Looking at the daily time frame chart, it shows that this stock has formed two back-to-back bullish candles and it has closed slightly above its resistance level of Rs 1154.
An Important Level Of Tata Technologies
The level of Rs 1154 is very important in Tata Tech. Tata Tech share was listed on 30 November 2023 and it made a high level of Rs 1400 on the same day.
After two trading sessions i.e. on 04 December 2023, after profit booking, the stock again gained from the same level of 1152 and reached the level of 1285.
After this, it was going below the 1152 level on January 30, this stock had seen levels up to Rs 1070. Now Tata Tech is again at the level of 1152 but in reaching here it has created a very good structure on the chart.
Tata Technologies Breakout On The Daily Chart
If we look at the daily chart, Tata Tech has prepared a breakout by forming a W pattern. On the daily time frame chart, Tata Tech formed a W pattern in 12 trading sessions from the candle of 5th February to the candle of 20th February.
During this period, this stock has also given a break out of the trend line which was running as resistance from above. Whose registration level is 1117. This trend line breakout has been activated.
Targets Of Tata Technologies
If there is a breakout in Tata Technologies, it can get long targets. If we look at the daily time frame, the first target in Tata Tech will be Rs 1215.
After this, the next target will be 1265. Now in this stock, a follow-up candle must be formed from the two bullish candles formed on the daily chart.
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 | ₹ 46,936 Cr. |
| Current Price | ₹ 1,154.30 |
| 52-wk High | ₹ 1,400 |
| 52-wk Low | ₹ 1,071 |
| Stock P/E | 75.2 |
| Book Value | — |
| Dividend | 0.00 % |
| ROCE | 0.00 % |
| ROE | 23.7 % |
| Face Value | ₹ 2.00 |
| P/B Value | — |
| OPM | 18.6 % |
| EPS | ₹ 15.4 |
| Debt | ₹ 255 Cr. |
| Debt to Equity | 0.09 |
Tata Technologies Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1387 | ₹1987 |
| 2025 | ₹2100 | ₹2215 |
| 2026 | ₹2316 | ₹2675 |
| 2027 | ₹2765 | ₹2900 |
| 2028 | ₹2950 | ₹3100 |
| 2029 | ₹3200 | ₹3432 |
| 2030 | ₹3543 | ₹3657 |
Tata Technologies Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | — |
| Mar 2023 | — |
| June 2023 | — |
| Sept 2023 | — |
| Dec 2023 | 55.39% |
| FII Holding | |
| Dec 2022 | — |
| Mar 2023 | — |
| June 2023 | — |
| Sept 2023 | — |
| Dec 2023 | 2.02% |
| DII Holding | |
| Dec 2022 | — |
| Mar 2023 | — |
| June 2023 | — |
| Sept 2023 | — |
| Dec 2023 | 2.50% |
| Public Holding | |
| Dec 2022 | — |
| Mar 2023 | — |
| June 2023 | — |
| Sept 2023 | — |
| Dec 2023 | 40.09% |
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:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
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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