Dec'24 View on Tata Technologies Ltd

Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions. It's primary business line is services, which includes providing outsourced engineering services and digital transformation services to global manufacturing clients helping them design better products for their customers. After debuting at 1,400 levels the stock has consistently shown weakness and is now lying near its alltime low of 900 but seems it will still show weakness and or may stagnate till it is able to improve results which come out on back of following inputs. * It's sales growth still shows weakness at 2% yearly compared to * Profit has shown negative growth compared to its peers * The valuation after incorporating the above factors looks very expensive.