Investmentz - Tata Technologies IPO Note

22 November 2023

TATA TECHNOLOGIES is leveraging its deep manufacturing domain knowledge to deliver value-added services to its clients to support its digital transformation initiatives including product development, manufacturing, and customer experience management. The company’s deep expertise in the automotive industry, marquee clients across anchor accounts, traditional OEMs, and new energy vehicle companies ensure a positive outlook for the future. At the upper price band of Rs. 500/-, the stock has valued at a PE multiple of 32.53 of its FY23 Diluted EPS. We recommend subscribing to the issue from a medium to long-term perspective.