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Tata Technologies Share Price Today: Tata Technology shares zoom over 6% on collaborate with BMW Group

Tata Technologies Share Price Today

On Tuesday, April 2, 2024, Tata Technologies Share Price are currently trading on ₹1,095.00. It has increased over 6% and reached its day high of ₹1123.00 at 10:30AM from the previous closing price of ₹1049.80. Today, in the morning the Tata Technologies share has opened at ₹1059.50 and after that slightly downtrend have been.

Key details of IOC share price are as the day range for the Tata Technologies stock is between ₹1,048.05 and ₹1,127.00, while on the other hand the yearly range reach from ₹1,020.00 to ₹1,400.00. Now its 52-wk high was ₹1,400 and its 52-wk low was ₹1,020. The total market capitalization established at 445.66 billion Indian Rupees (INR). These figures provide investors with key insights into the stock’s trading range and overall market value.

Financial Matrices of Tata Technologies Stocks

Financial growth of Tata Technologies has been moderate from few years but it is showing good signs of profitability and efficiency. Financial matrices of Tata Technologies stocks are as below:

TTM P/E Ratio57.65%
Revenue1.29TCr
Net Income170.22Cr
Book Value Per Share₹24.57
Face Value₹2 per share

Recent Partnership announcement by Tata Technologies

Lately Tata Technologies have announced a joint venture with BMW Group. This venture is mainly concern with the development of the software is to make sure BMW Group’s customers have marvelous digital experiences and to help BMW in its passage to use digital technology in better way. They’ll work on manufacturing software for cars, particularly exclusive, and also on polish up the digital systems used in business.

Tata Technologies and BMW Group are united to bring fresh new and innovative designs to automotive engineering and digital solutions. They’re starting a new company together where each partner will have 50-50 partnership. Once everything will be accepted, BMW will invest in the company, be the owner of half of it.

Right from the start, 100 skilled professionals of Tata Technologies will work on software projects. This fresh new collaboration will center on making machine software, like software for fancy BMW cars, and polish up digital systems for BMW’s business. They’ll begin with 100 professionals but plan to grow quickly in coming years. In the end, they’ll be the part of BMW’s global network of technology centers.

Warren Harris, CEO and MD of Tata Technologies, said that this joint venture with BMW Group shows their commitment to offering first-rate solutions in automotive software and digital engineering globally. They’re delighted to use their expertise to help BMW make amazing products, deliver outstanding digital experiences, and move ahead in business IT.

Nachiket Paranjpe, President of Automotive Sales at Tata Technologies, explained that as the automotive industry changes, moving toward software-defined vehicles is a great deal. They are organizing to use their skills and knowledge in this area to work with BMW to make cars that aren’t just high-tech but also give customers outstanding experiences.

Christoph Grote, Senior Vice President of Software and E/E Architecture at BMW, mentioned that working with Tata Technologies will drive faster their progress in software-defined vehicles. He mentioned that India has many talented software professionals who can help improve BMW’s software. This venture will allow Indian software engineers to work with first-rate tools and processes, casting the future of premium automotive experiences.

Alexander Buresch, CIO and Senior Vice President of BMW Group IT, showed his happiness with the partnership with Tata Technologies. He focusses on the success of expanding international DevOps hubs and highlighted the importance of having a strong partner like Tata Technologies to further expand BMW’s presence in India.

Tata Technologies Comparative Analysis to its peers

Industry NamePE Ratio1-Year ReturnBuy Recommendation Percentage
Tata Technologies Ltd57.65%16.57%33%
Tata Consultancy Services Ltd33.62%22.40%51.28%
Infosys Ltd (INFY)25.696.00%57.89%
HCL Technologies Ltd (HCLTECH)28.3941.76%41.67%
Wipro Ltd (WIPRO)22.3031.80%18.42%

Tata Technologies Q3 Results

Tata Technologies which performed better than the already large Tech stock of the group in terms of bottom line and top line Tata Technologies posted better growth in double digit compared to TCS and Tata Elxsi in constant currency revenue growth was also better. PAT up by 6.1% at ₹170.2Cr as compared to previous earning of ₹160.4Cr. Revenue up by 1.6% at ₹12,895 Cr as compare to previous revenue result of ₹1,269.2 Cr. EBITDA margins at 18.3% as compared to previous margin of 16.9%.

Tata Consultancy Services earns most of the money from Tata services, making up 78% of their revenue. Their constant currency revenue which is abbreviated as CC went up by 11.6% as compared to last year revenue. Overall, their revenue increased by 0.6% compared to last Q3 and by 9.3% as compared to the same last year Q3 also.

Tata Technologies Share Price Target 2024-2025-2026 and 2030

Share price target for Tata Technologies for 2024, 2025, 2026 and 2030 has concluded after deep study of its financial growth its position in market, future aspects and valuation metrics. These targets are not just fixed and remains same because it’s a share market which always goes uptrends and downtrends.  

Tata Technologies Share Price Target 2024

Tata Technologies Share Price Target for 2024 could be predicted in between the range of ₹1,350 – ₹1450. This target price is just predictions because market fluctuate every day. If the market will bullish in the favours of IOC, then this target price can be up.

Tata Technologies Share Price Target 2025

Share Price Target for Tata Technologies for 2025 could be predicted in between the range of ₹1,575 – ₹1775. This share price could be rise from this predicted price. It will depend upon its market trends and future growth.

Tata Technologies Share Price Target 2026

Share Price Target for Tata Technologies for 2026 could be predicted in between the range of ₹1800 – ₹2050. If the market remains bullish then this share price target could exceed the given predicted range.

Tata Technologies Share Price Target 2030

Share Price Target for Tata Technologies for 2030 could be predicted in between the range of ₹4,500 – ₹5,500.

History of Tata Technologies Financial Statement

Over the past 5 years Tata Technologies revenue has grown at yearly rate of 10.14% as compared to the industry avg revenue growth of 13.37% and market share decreased from 0.68% to 0.61% of last year. But over the 5 years net income has grown at yearly rate of 20.48% as compared to the industry’s net avg income of 10.16%.

What is the History of Tata Technologies Ltd

Tata Technology is a multinational company in India. Tata technology is the subsidiary of Tata Motors. It has founded in 1989 approx. 35 years ago. Mr. Ratan Naval Tata is the Chairman Emeritus of the Tata Group. Its headquarters is in Pune, Maharashtra, India and regional headquarters in the United States (Detroit, Michigan). Tata Technologies mainly provide services in design and manufacturing, product development, product lifecycle and management. As of last year, company has combines workforce of more than 11,000 employees.

Our core services are Engineering, Research and Development (ER&D), Digital Enterprise Services (DES), Education Offerings and Products and Value-Added Reselling (VAR).

We rely on our main three core values that guide everything we do. That’s how we do better.

  • A global mindset
  • One team with customers
  • A can-do attitude

People also ask

What is the price of Tata Technologies share?

Tata Technologies Share Price currently traded on ₹1,095.00. Tata Technologies Share Price Target for 2024 could be predicted in between the range of ₹1,350 – ₹1450, for 2025 it could be in between ₹1,575 – ₹1775, for 2026 it could be in between ₹1800 – ₹2050 and for 2030 could be predicted in between the range of ₹4,500 – ₹5,500.

How can I buy Tata Technologies share?

Tata Technologies shares can be bought through any brokerage firm. There are lots of broker firm securities are available in the market.

Which company owns Tata Technologies?

Tata Motors owns Tata Technologies. Operating income of Tata Technologies is ₹908 crore in Financial Year 2023 (FY23) and its Net income is ₹624 crore in (FY23). Number of combined workforces is more than 11,000 employees.

What is the 52-week high low of Tata Technologies?

52-wk high of Tata Technologies was ₹1,400 and its 52-wk low was ₹1,020.

Can I hold Tata Technologies shares?

Whether you have to hold or sell Tata Technologies Shares that is all depends upon your risk tolerance capability and your investment plans. Tata Technologies is a worldwide engineering services provider in design and manufacturing, product development, product lifecycle and management.

Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.

Also Read: IOC Share Price April 1, 2024: Indian Oil Corporation Share Price on NSE/BSE

Jagriti Sharma
Jagriti Sharmahttps://sharemarketnewshub.com
Meet Jagriti sharma, a dynamic news blog writer revolutionizing digital journalism. Armed with a diverse educational background,Jagriti sharma crafts engaging articles that seamlessly blend traditional reporting with a modern, digestible style. With contributions to nationally and internationally acclaimed blogs, Jagriti sharma is a trusted source for insightful news analysis. Beyond the pixels, Jagriti sharma advocates for the influential role of blogging in shaping public discourse, leaving an indelible mark on the digital news landscape.
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