After a two-day pause, Tata Technologies trades in green again

Tata Technologies share price, Tata Technologies IPO: Shares of Tata Technologies, which will be remembered in history for its outstanding listing gains to the tune of 140 per cent are seen recouping the last two days' losses. At around 10:26 am, shares of the automotive technology service provider were up 1.53 per cent at Rs 1,211, while at the day's high, they scaled to Rs 1,221, zooming 2.37 per cent.
 
In the last two days, the stock lost over 9 per cent after logging a high of Rs 1,400 per share on the listing day.
 
Earlier, Zee Business Managing Editor Anil Singhvi recommended investing in the Tata Tech IPO for big gains. The expert advised investors to hold the stock for the long term, given the company's solid financials and attractive valuations. Further, before the stock debuted on D-Street, he was of the view that the stock's fair valuation had arrived at Rs 1,100 per share.
 
Tata Technologies is a debt-free company. Furthermore, the company has been efficiently using its capital, which is imminent given the improving RoCE over the last two years. The ROE, or return on equity, for the shareholders for the last two years has been maintained at over 20 per cent.
 
Tata Tech is a mid-cap company, commanding a market cap of Rs 48,382 crore. The company is an India-based global engineering services company that offers product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs) and their tier-one suppliers.
 
The company's segments include services and technology solutions. The Services segment provides outsourced engineering and design services and digital transformation services to global manufacturing clients.
 
The Technology Solution segment contains academic upskilling and reskilling solutions and value-added reselling of software applications and solutions.
 
Through its products business, the company resells third-party software applications, primarily product lifecycle management (PLM) software and solutions, and provides value-added services such as consulting, implementation, systems integration, and support. The company provides services to industries, including aerospace, industrial heavy machinery, and automotive.