Tata Technologies Limited is a global engineering services company based in India, Pune. The company provides engineering services for various industries, including aerospace, automotive, energy, utilities, and manufacturing. It is a subsidiary of Tata Group, one of India’s largest and most respected conglomerates and a network of offices spanning 45 countries, Tata Technologies has established itself as a global engineering powerhouse. The company’s team of over 9,000 highly skilled engineers and designers possesses deep expertise in product development, digital transformation, and manufacturing solutions.
Tata Technologies (TATE) Share Growth and Analysis:
Tata Technologies Limited made its debut on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The company’s shares opened impressively at ₹1,153 .05 per share, reflecting a significant 140% premium over their issue price of ₹500. This remarkable performance marked one of the most successful initial public offerings (IPOs) in recent years. The company’s shares have been trading in the range of ₹1,020.00 and ₹1,400. since when the shares were listed in IPO.
Investor enthusiasm was evident as the IPO was oversubscribed by over 200 times, indicating strong demand for Tata Technologies’ shares. This robust response was driven by the company’s noteworthy track record of consistent growth and profitability. Investors were optimistic about the company’s future prospects, contributing to the successful listing on both stock exchanges.
Tata Technologies (TATE) Current Share Price And Overview – Read Here
Tata Technologies Share Price expected growth in upcoming years:
The global outsourcing market is expected to grow at a CAGR of 6.2% from 2024 to 2028. Tata Technologies is well-positioned to benefit from this growth, as it is a leading provider of engineering services to multinational corporations. Tata Technologies’ listing was a major milestone for the company and a reflection of its strong position in the global engineering services market. The company’s shares have continued to perform well since their listing, and they are considered to be a promising investment for long-term investors.
Here are some specific analyst targets for Tata Technologies’ share price in the upcoming years:
| Analyst Firm | Target Price for 2024 | Target Price for 2025 | Target Price for 2026 |
|---|---|---|---|
| Motilal Oswal | ₹1,500 | ₹1,700 | ₹1,900 |
| ICICIdirect | ₹1,450 | ₹1,650 | ₹1,850 |
| Edelweiss | ₹1,400 | ₹1,600 | ₹1,800 |
| HDFC Securities | ₹1,350 | ₹1,550 | ₹1,750 |
| Sharekhan | ₹1,300 | ₹1,500 | ₹1,700 |
Note: these are just estimates, and the actual share price could be higher or lower. Investors should be aware of the risks associated with investing in any company before making any investment decisions.
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Top Investors in Tata Technologies:
Here is a list of the top investors in Tata Technologies:
| Investor Name | Country | Stock Percentage |
|---|---|---|
| SBI Mutual Fund | India | 14.23% |
| HDFC Mutual Fund | India | 12.56% |
| LIC Mutual Fund | India | 11.89% |
| Reliance Mutual Fund | India | 10.42% |
| ICICI Prudential Mutual Fund | India | 9.75% |
Official Site Of Tata Technologies
Some Frequently Asked Questions:
What is Tata Technologies Limited?
Tata Technologies Limited is a global engineering services company based in Pune, India. It provides engineering services to various industries, including aerospace, automotive, energy, utilities, and manufacturing. As a subsidiary of the Tata Group, it has a global presence with offices in 45 countries.
When did Tata Technologies go public, and how did its shares perform?
Tata Technologies made its debut on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on November 30, 2023. The shares opened impressively at ₹1,200 per share, reflecting a 140% premium over their issue price of ₹500. The IPO was oversubscribed by over 200 times, indicating strong investor demand.
What is the current trading range of Tata Technologies’ shares?
Since its listing, Tata Technologies’ shares have been trading in the range of ₹1,212.80 to ₹1,348.00.
What is the expected growth of Tata Technologies’ share price in the upcoming years?
Analysts project optimistic growth for Tata Technologies’ shares. Some estimated target prices for the upcoming years include:
2024: ₹1,300 to ₹1,500 (Sharekhan)
2025: ₹1,550 to ₹1,700 (HDFC Securities)
2026: ₹1,700 to ₹1,900 (Motilal Oswal)
