Tata Technologies Ltd. is a leading provider of engineering services and solutions, focusing on the automotive, aerospace, and industrial sectors. As of October 10, 2024, the Tata Tech share price is ₹1,073, reflecting an increase of 2.38% from the previous trading session. The stock opened at ₹1,045.10 and has seen a trading volume of over 2 million shares so far today.
Tata Tech Share Price in Today’s Market
In today’s trading session, the Tata Tech share price reached a high of ₹1,089.15 and a low of ₹1,045.10. The current market capitalization stands at approximately ₹43,798 crore, showcasing its significant presence in the engineering services sector.
Tata Tech Financial Overview
Tata Tech has an enterprise value of ₹43,668 crore and approximately 40.57 crore shares outstanding. The company’s P/E ratio is reported at 63.72, while its P/B ratio stands at 26.08. Recent financial reports indicate a sales growth rate of 29.34% and an impressive profit growth rate of 181.68%. With cash reserves of ₹130 crore and no debt on its balance sheet, Tata Tech demonstrates strong fundamentals and financial health.
Tata Tech Share Pros & Cons
Pros:
- Strong Sales Growth: A sales growth rate of 29.34% indicates robust demand for its services.
- Impressive Profit Growth: A profit growth rate of 181.68% reflects effective management and operational efficiency.
- Healthy Cash Position: With cash reserves of ₹130 crore and no debt, the company is well-positioned financially.
Cons:
- High Valuation Ratios: A P/E ratio of 63.72 may suggest that the stock is overvalued compared to industry peers.
- Market Volatility: A beta of 0.48 indicates that the stock is less volatile than the broader market but still presents risks.
- Promoter Holding: A promoter holding of 55.39% reflects confidence but may also limit public float.
Indiahood Recommendation on Tata Tech Share: Buy or Sell?
Considering the current market conditions and the fundamentals surrounding Tata Technologies Ltd., it is advisable to buy shares for long-term growth while monitoring market trends closely for any changes in performance.
Conclusion
In summary, while the recent increase in Tata Tech’s share price may raise optimism among investors, its solid sales growth and impressive profit performance provide compelling reasons to consider investing in this stock. However, potential investors should also be aware of high valuation ratios before making investment decisions.
Disclaimer
This article is for informational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
