Tata Tech stock gearing up for a rally? Analysts peg targets as high as Rs 1,290/share

Tata Technologies (TATATECH) Share Market News: Tata Technologies (TATATECH) shares rose on Tuesday as investors studied the contours of the Tata group engineering service provider's recent meeting with analysts. Tuesday's gains took the Tata group stock's gains to almost 10 per cent in the past one month. 

• The company aims to improve its partnerships with original equipment manufacturer (OEM) stakeholders
• There are plenty of business opportunities available in the conversion of ICE commercial vehicles and industry-heavy vehicles into electric vehicles 
• The company has an exclusive partnership with Agratas for battery solutions 
• Tata Technologies is engaged in integrating SAP solutions with existing software for Jaguar Land Rover 
• Tata Tech is using artificial intelligence (AI) and generative artificial intelligence (GenAI) technologies in areas such as product design, sales, and car insurance

How analysts view Tata Technologies (TATATECH) 

ICICI Securities has a 'buy' rating on Tata Tech shares with a target of Rs 1,290. 

As of the closing price of September 3, the target implies a potential upside of 20.7 per cent in the Tata group stock.  

JM Financial also suggests buying Tata Tech shares for a target of Rs 1,250. 

Tata Technologies Earnings

In July, Tata Technologies reported a consolidated net profit of Rs 162 crore for the April-June period, marking a sequential increase of 3.0 per cent. Its quarterly revenue came in at Rs 1,269 crore as against Rs 1,301.1 crore for the last quarter of FY24. 

Revenue from services stood at Rs 985.5 crore and that from technology solutions at Rs 283.5 crore, according to a regulatory filing.

Tata Technologies Stock vs Peers 

Here's how the stock has fared in comparison to some of its peers:

How TATA TECH shares have fared since listing

Tata Technologies shares made a bumper entro into the listed space on November 30, 2023.

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