Latest news with #TataTech
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Business Standard
9 hours ago
- Business
- Business Standard
Tata Tech shares slip as 2.1% equity change hands in block deal
Shares of Tata Technologies slipped nearly 2 per cent after 8.59 million shares of the company changed hands on Monday, amid reports that private equity major TPG is looking to offload its stake. Tata Technologies' stock fell as much as 1.73 per cent during the day to ₹754.2 per share, the biggest intraday loss since May 28 this year. The stock pared losses to trade 1.2 per cent lower at ₹757 apiece, compared to a 0.17 per cent advance in Nifty 50 as of 10:38 AM. Tata Tech's counter has risen over 16 per cent from its recent lows of ₹651, which it hit early last month. The stock has fallen 15 per cent this year, compared to a 4 per cent advance in the benchmark Nifty50. The Tata Group company has a total market capitalisation of ₹30,640.1 crore, according to BSE data. Tata Tech block deal The company had 8.59 million shares, or 2.1 per cent equity changed hands in a block trade, according to Bloomberg data. Buyers and sellers of the deals were not known immediately. As per reports, private equity major TPG was looking to offload 8.5 million, or a 2.1 per cent stake in the company. The transaction was likely undertaken in a price range of ₹744.5 to ₹767.5 apiece. TPG held around 6 per cent stake in Tata Tech as of the quarter ended March 31, 2025, according to BSE data. Tata Tech Q4 results The global product engineering and digital services firm reported a 20.12 per cent rise in consolidated profit after tax at ₹188.87 crore in the fourth quarter ended March 2025 on the back of higher income and lower expenses. The company had posted a consolidated profit after tax of ₹157.24 crore in the same quarter of the year-ago fiscal. Total expenses in the fourth quarter were at ₹1,088.20 crore as against ₹1,094.4 crore in the year-ago period. For the fiscal year ended March 2025, PAT was at ₹676.95 crore as compared to ₹679.37 crore in the preceding financial year. Consolidated total income in FY25 was at ₹5,292.58 crore as against ₹5,232.75 crore a year ago.
Economic Times
a day ago
- Business
- Economic Times
Tata Technologies block deal: TPG to sell 2.1% stake, floor price likely at Rs 744.5 per share: Report
TPG eyes Rs 634 crore from Tata Tech stake sale, while the firm posts profit growth and announces a total dividend of Rs 11.70 per share. TPG is expected to sell a 2.1% stake in Tata Technologies through a Rs 634 crore block deal at a 3% discount. Despite a weak stock performance, Tata Tech reported strong PAT growth and declared Rs 11.70 dividend per share. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads American private equity firm TPG is likely to sell 2.1% stake in Tata Technologies via a block deal according to a media report. The total block size is estimated at Rs 634 crore, with the floor price for the deal likely to be set at Rs 744.5 per floor price is expected to be at a discount of 3% over the current market price, the report by CNBC-TV18 Technologies shares today ended at Rs 768 on the NSE, down by Rs 6.30 or 0.81%.TPG held 6.01% representing 2,43,80,305 equity shares in the company via Tpg Rise Climate Sf Pte. Technologies shares have slipped 26% over the last one year while declining 13% in 2025, so far. It has been a market laggard with Nifty delivering 5.5% and 3.4% in the respective company reported a 20% year-on-year (YoY) jump in its consolidated profit after tax (PAT). The same was reported at Rs 189 crore versus Rs 157 crore in the year-ago company reported a revenue of Rs 1,286 crore for Q4FY25, reflecting a 1.2% decline from Rs 1,301 crore recorded in the same quarter of the previous financial the PAT rose 12% sequentially from Rs 169 crore reported in Q3FY25. However, revenue declined by 2.4% compared to Rs 1,317 crore in the October-December Technologies maintained tight control over its quarterly expenses, which stood at Rs 1,088 crore during the quarter, lower than Rs 1,119 crore in Q3FY25 and Rs 1,094 crore in the same period last year. This cost discipline supported the company in delivering double-digit profit growth on both a YoY and QoQ the company's board had approved a final dividend of Rs 8.35 per equity share, along with a one-time special dividend of Rs 3.35, totaling Rs 11.70 per share for the financial year ended March 31, 2025.
Time of India
a day ago
- Business
- Time of India
Tata Technologies block deal: TPG to sell 2.1% stake, floor price likely at Rs 744.5 per share: Report
TPG eyes Rs 634 crore from Tata Tech stake sale, while the firm posts profit growth and announces a total dividend of Rs 11.70 per share. TPG is expected to sell a 2.1% stake in Tata Technologies through a Rs 634 crore block deal at a 3% discount. Despite a weak stock performance, Tata Tech reported strong PAT growth and declared Rs 11.70 dividend per share. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads American private equity firm TPG is likely to sell 2.1% stake in Tata Technologies via a block deal according to a media report. The total block size is estimated at Rs 634 crore, with the floor price for the deal likely to be set at Rs 744.5 per floor price is expected to be at a discount of 3% over the current market price, the report by CNBC-TV18 Technologies shares today ended at Rs 768 on the NSE, down by Rs 6.30 or 0.81%.TPG held 6.01% representing 2,43,80,305 equity shares in the company via Tpg Rise Climate Sf Pte. Technologies shares have slipped 26% over the last one year while declining 13% in 2025, so far. It has been a market laggard with Nifty delivering 5.5% and 3.4% in the respective company reported a 20% year-on-year (YoY) jump in its consolidated profit after tax (PAT). The same was reported at Rs 189 crore versus Rs 157 crore in the year-ago company reported a revenue of Rs 1,286 crore for Q4FY25, reflecting a 1.2% decline from Rs 1,301 crore recorded in the same quarter of the previous financial the PAT rose 12% sequentially from Rs 169 crore reported in Q3FY25. However, revenue declined by 2.4% compared to Rs 1,317 crore in the October-December Technologies maintained tight control over its quarterly expenses, which stood at Rs 1,088 crore during the quarter, lower than Rs 1,119 crore in Q3FY25 and Rs 1,094 crore in the same period last year. This cost discipline supported the company in delivering double-digit profit growth on both a YoY and QoQ the company's board had approved a final dividend of Rs 8.35 per equity share, along with a one-time special dividend of Rs 3.35, totaling Rs 11.70 per share for the financial year ended March 31, 2025.
Mint
20-05-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Tata Tech, CDSL, Caplin Point stock to buy
Stock market today: Indian stocks were relatively flat on Tuesday, with the benchmarks staying within a narrow range for the third consecutive session due to a lack of new catalysts, as investors looked for more information on India-U.S. trade talks. The Nifty 50 was down 0.18% at 24,900.65, while the Sensex dipped by 0.24% to reach 81,865.70 points by 11:21 IST. Analysts pointed out that the US markets are under pressure, primarily due to the ongoing repercussions of the tariff disputes from President Trump's tenure. The tariff strategy, imposing at least a 10 percent duty on nearly all imports into the US, has sparked worries regarding the future of global commerce. The repercussions of this trade approach are being felt in financial markets worldwide, including those in India. Riyank Arora of Mehta Equities believes Nifty 50 to move higher towards 25,300–25,400 in the near term. Arora recommends Tata Technologies, CDSL, and Caplin Point Laboratories shares to buy. Nifty 50 continues to trade with a positive bias, showing strong support around 24,500, while immediate support lies at 24,800. On the upside, 25,115 remains a major resistance level. If the index manages to stay above 24,800, it is likely to move higher towards 25,300–25,400 in the near term. The overall trend is bullish, supported by strong market breadth and buying in large-cap stocks. Traders are advised to follow a buy-on-dips strategy as long as the key support levels are intact. Momentum indicators such as RSI are also pointing upwards, suggesting continued strength in the short to medium term. Bank Nifty is showing solid strength, trading firmly above 55,000 levels. Immediate support is seen at 55,170, with major support placed at 54,400. On the upside, the index faces resistance near 55,700, and a breakout above this could trigger a move towards new highs. The index remains in a strong uptrend, backed by sustained buying in major banking names. RSI and other indicators are showing strength, and the price is well above key moving averages. The outlook remains positive, and short-term traders can consider buying on dips for potential gains as long as 54,400 is not breached. Riyank Arora recommends these three stocks in the short term - Tata Technologies Ltd (Tata Tech), Central Depository Services Ltd (CDSL), and Caplin Point Laboratories Ltd. Buy at ₹ 760 | Stop Loss ₹ 700 | Target ₹ 850 Tata Tech has given a strong breakout above the key resistance level of ₹ 750, backed by rising volumes. This move reflects renewed buying interest and continuation of the ongoing uptrend. The stock is forming a pattern of higher highs and is trading above its key moving averages, reinforcing the bullish sentiment. The Relative Strength Index (RSI) stands at 68, indicating solid momentum while still below the overbought zone. As long as the stock maintains above ₹ 700, it is likely to head toward ₹ 850 in the short term. Investors can consider buying on dips, supported by favorable technical indicators. Buy at ₹ 1,450 | Stop Loss ₹ 1,400 | Target ₹ 1,600 CDSL has witnessed a decisive breakout above its resistance at ₹ 1,430, with rising volumes and a positive shift in momentum. The stock is coming out of a consolidation phase, pointing to the beginning of a new upward trend. The RSI is currently at 69, suggesting strong bullish momentum. Additionally, the MACD has shown a positive crossover, confirming a potential trend reversal. These indicators collectively support a short-term bullish view. With no major resistance till ₹ 1,600, and as long as ₹ 1,400 holds as support, CDSL remains a strong candidate for short-term gains. Buy at ₹ 2,161 | Stop Loss ₹ 2,000 | Target ₹ 2,600 Caplin Point has broken out above the ₹ 2,100 level, signaling the end of a consolidation phase and the start of an upward move backed by healthy volumes. The stock has also been trading well above its key moving averages, which further supports the bullish trend. The RSI is at 71, showing strong momentum, though slightly in the overbought zone. However, the strength in price action and consistent buying interest suggest more upside. As long as it holds above ₹ 2,000, the stock is likely to continue trending higher. The next potential resistance is around ₹ 2,600, making it an attractive short-term buy. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
29-04-2025
- Business
- Business Standard
Tata Tech shares drop 6% after block deal; Here's the likely seller
Shares of Tata Technologies fell over 6 per cent in Tuesday's intraday trade after a block deal involving 3.94 per cent of equity, with TPG Rise Climate likely the seller. Tata Tech's stock fell as much as 6.03 per cent during the day to ₹663.05 per share, the biggest intraday loss since April 7 this year. The stock pared losses to trade 4.8 per cent lower at ₹671.7 apiece, compared to a 0.47 per cent advance in Nifty50 as of 9:35 AM. The stock is the worst performer on the NSE Nifty 500 and BSE 500 indices, according to Bloomberg. Tata Tech's counter has fallen over 7 per cent from its recent high of ₹731, which it hit early this month. The stock has fallen 25 per cent this year, compared to a 3.2 per cent advance in the benchmark Nifty50. The Tata Group company has a total market capitalisation of ₹27,309.61 crore, according to BSE data. Tata Tech block deal About 16 million shares, or a 3.94 per cent stake of Tata Tech, changed hands on the National Stock Exchange in a single transaction, according to Bloomberg data. Buyers and sellers for the transaction were not known immediately. However, as per the term sheet viewed by the wire agency, TPG Rise Climate was offloading 15.86 million shares of the company at a price range of ₹670 to ₹698.5 per share. The price range was a 1 per cent to 5 per cent discount to the closing price of the stock on April 28. Tata Tech Q4 results The global product engineering and digital services firm reported a 20.12 per cent rise in consolidated profit after tax at ₹188.87 crore in the fourth quarter ended March 2025 on the back of higher income and lower expenses. The company had posted a consolidated profit after tax of ₹157.24 crore in the same quarter of the year-ago fiscal. Total expenses in the fourth quarter were at ₹1,088.20 crore as against ₹1,094.4 crore in the year-ago period. For the fiscal year ended March 2025, PAT was at ₹676.95 crore as compared to ₹679.37 crore in the preceding financial year. Consolidated total income in FY25 was at ₹5,292.58 crore as against ₹5,232.75 crore a year ago.
