Your search for whether it will be profitable to buy at the current Tata Technologies share price ends here. Many like you have this concern as the third quarter of FY 24 results announced recently show flat revenues and lower EBIDTA on the corresponding quarter-to-quarter basis. But Tata Technologies’ stock price is still trading around Rs. 1,100, which is well above the all-time low of Rs. 1 020, And the current price is over 100% over the IPO premium of Rs. 500 at the end of November 2023. But Tata Technologies’ stock price is less than the all-time high of Rs. 1,400 hit on the listing day on December 1, 2023, giving a 180% return for those allotted shares in the IPO. Even at the current Tata Technology share price of around Rs. 1,100, delivering a return of around 125% over the premium price, it is a profitable investment that yields high returns in the future. The significant reason for this is the potential of TTL or Tata Technologies Ltd to provide excellent engineering to OEMs in automotive, aerospace, and industrial heavy machinery to yield high revenue and profits.
Continue reading this blog until the end to learn why buying at the current Tata Technology share price will be profitable and make windfall profits.
Reasons for why it is profitable to buy at the current Tata Technologies stock price
For the past one and a half centuries, Tata Group has been the trusted name by people who buy many of their products and services not only in India but in over 150 countries without any doubt. It is the reason that the global conglomerate has around 30 listed companies with a market capitalization of over 30 trillion rupees and many unlisted companies. One of the top unlisted companies Tata Tech, which came out with an IPO only at the end of 2023. It was the much-expected IPO of a Tata company in the last two decades after TCS IPO, but it was listed on the exchange to give spectacular returns to its investors. In November 2023, it came out with an IPO at a premium of Rs. 500 to list on December 1, 2023, at a high of Rs. 1,400 and settle at Rs. 1,200 at the end of the day. Even at the current Tata Technologies stock price, it is a lucrative investment to raise in the short and long term for the following reasons.
· Tata Tech is one listed companies of Tata Group with a high potential to grow worldwide
· Tata Technologies stock price is still well above the issue price of Rs. 500
· Return on Tata Technologies unlisted share increased to over 20% in the last three years
· Sales of Tata Tech grew over 15% in the previous three years
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