Tata Technologies Share Price
Tata Group company Tata Technologies shares opened with a slight increase on July 15 today, but the atmosphere in the market is somewhat cold. The shares saw a rise of up to 2% in day trade, but the latest reports of big brokerage houses have increased the concern of investors. After the market closure on Monday, July 14, the company released its June quarter results. Revenue’s decline in these results was less than expected, but margin disappointed investors.
After this, big brokerage houses like JP Morgan, Goldman Sachs, City and ICICI Securities have taken a bearish stance on this stock. The surprising thing is that 12 out of 17 analysts covering this stock, that is, about 70% has given it the rating of ‘Sell’. Some have feared a decline of up to 40% in this stock. Come, let’s know what is Majra and should you sell this stock?
JP Morgan’s ‘underweight’ stance
JP Morgan has given a ‘underweight’ rating to Tata Technologies and reduced the target price from the earlier ₹ 580 to ₹ 570. Brokerage described the results of the June quarter as mixed. He says the revenue was better than expected, but margin disappointed. JP Morgan said that during April-June, there was a improvement in deals closing and projects’ ramp-up. Clients had cut their R&D expenditure for some time, but now they are gradually increasing it. Brokerage hopes that this trend will continue in the September quarter. Nevertheless, their stand is cautious.
Goldman Sachs said ‘sell’
Goldman Sachs has also rated Tata Technologies shares ‘Sell’ and has fixed the target price ₹ 560. According to brokerage, the June quarter results remained close to his estimates. Revenue was 1% higher than estimates, but the operating profit (EBITDA) was 7% less. The Ebitda margin declined by 80 basis points, due to weak growth in the company’s core service business. However, the management of the company has been expecting recovery from the September quarter, as June saw an improvement in deals and customer engagement.
City gave a target of ₹ 450
City has rated Tata Technologies ‘SELL’ and has a target price of just ₹ 450, which is the lowest target of this stock on Dalal Street. According to brokerage, the company’s revenue in Constant Currency fell on a quarterly basis and on an annual basis. This decline was according to estimates, but still disappointing. City has estimated a 5% decrease in revenue for the entire financial year 2026 and cut EPS estimates by 4-5% for FY26-28.
ICICI Securities also rating ‘Sell’
ICICI Securities has also rated this stock as ‘Sell’, but increased the target price from ₹ 480 to ₹ 510. Brokerage says that the company’s growth in the aerospace segment remains strong. The management is expected to recover from the September quarter, which can support a strong order book for the June quarter. ICICI increased the EPS estimate of 0.6% for FY26 and made a slight change in the estimates of FY27-28. Nevertheless, their stance is cautious, as there are risks like weakness in the automotive segment and profit ramp-up in BMW JV.
How was the performance in the stock market?
Around 1 pm, Tata Technologies shares were trading at ₹ 729.90 with a gain of 1.83% on NSE. But since January 2025, this stock has broken about 18%. This stock is now 50% below compared to its listing all-time high ₹ 1,400. Nevertheless, it is trading its IPO price above ₹ 500.
What to do investors?
Given the latest reports of brokerage houses and the current price of the stock, it is necessary for investors to be cautious. 70% of analysts have a warning to investors ‘SELL’ ratings and a decline by 40%. If you have a share of Tata Technologies, then decide to sell or hold on your financial advisor. The management of the company may have been talking about recovery from the September quarter, but the market sentiment is weak right now.
Disclaimer: This article is only for information and should not be considered as an investment advice in any way. TV9 India suggests its readers and spectators to consult their financial advisors before taking any decision related to money.