Today, Tata Technologies shares are steady, trading flat ahead of the Q1 results. The stock opened at ₹1019.25 per share, briefly rising to ₹1020 before dipping to an intraday low of ₹1008.25.
Experts expect Tata Technologies to show slight revenue growth for the first quarter of this fiscal year. However, they are more hopeful about a significant increase in the company’s net profit, predicting a promising quarter-over-quarter (QoQ) growth. If the Q1 results meet these expectations, the stock could rise to ₹1080 soon.
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Tata Technologies Q1FY25 Results Preview
Amit Goel, Co-Founder & Chief Global Strategist at Pace 360, expects Tata Technologies’ revenue to rise by 3% QoQ to ₹1,340 Crore and profit after tax to increase by 11.5% QoQ to ₹175 Crore. These figures show a positive trend for the company.
Tata Technologies Share Price Target
Manish Goel suggests buying Tata Technologies shares ahead of the Q1 results: “The share price has dropped 3.80% over the last three months (from ₹1,055 to ₹1,015). We expect a slight upward trend post-results, with a range of ₹1,060 to ₹1,080.”
Sumeet Bagadia, Executive Director at Choice Broking, advises shareholders to hold the stock with a stop loss at ₹990, targeting ₹1080 in the short term. He also recommends new investors buy at the current price for a short-term target of ₹1080, with a stop loss at ₹990.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
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