Rs 10.05 Dividend: Tata Stock To Sell For TP Rs 900, Shares Fall 15.95% YTD

Tata Technologies Ltd shares witnessed a decline of 1.84% in trade today after brokerage firm Goldman Sachs issued sell call with target price of Rs 900. Tata Technologies shares witnessed fall of 15.95% year-to-date and slipped over 17% in last 6-months. The company earlier this year on May 3 recommended final and special dividend of Rs 8.40 per share and Rs 1.65 per share of Rs 2 each.

It fixed June 13, 2024 as the record date for dividend. Current market price of Tata Technologies share on BSE is Rs 992.10. Tata Technologies shares hit its last 52-week high price on November 30, 2023. Check more information about the stock below:

Goldman Sachs Recommends Selling Tata Technologies: Goldman Sachs highlight concerns that may impact Tata Technologies's performance while suggesting sell call. Goldman Sachs highlighted concerns that revenue projection from one of Tata Tech's major customers, VinFast, is likely to fall in the near term. Tata Technologies displayed increased dependence on its anchor customers compared to its peers and this reliance likely to affect the company's revenue stability, according to Goldman Sachs. These factors have made it more vulnerable to changes in dynamics of its clients. Meanwhile, a total of 6 analysts out of 8, tracking Tata Technologies shares issued sell call.

Tata Technologies Share Performance: Its market capitalisation stood at Rs 40,246.37 crore. Tata Technologies shares witnessed dip of 4.4% in last 1-week, fell nearly 6% in last 1-month, and slipped 3.82% in last 3-months. The 52-week high price of Tata Technologies share on BSE is Rs 1400.00 per share (as on 30/11/2023) and 52-week low price is Rs 1004.15 per share (as on 13/05/2024).

Tata Technologies Dividend: The regulatory filing of the company dated May 3, 2024 stated, "The Board of Directors at its meeting held on May 3, 2024, had recommended a final dividend of Rs. 8.40 and special dividend of Rs. 1.65 per Equity share of Rs. 2 each of the Company for the financial year ended March 31, 2024, for approval by the shareholders at the AGM."

Tata Tech Dividend History: Tata Technologies announced 2 dividends since June 13, 2024. In last 1-year, Tata Technologies announced an equity dividend amounting to Rs 10.05 per share. At the current share price of Rs 992.10, Tata Technologies offers a dividend yield of 1.01%.

About: Tata Technologies is a global product engineering and digital services company focused on fulfilling its mission of helping the world drive, fly, build, and farm by enabling customers to realize better products and deliver better experiences to the consumers of their products, according to its official website.

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