Shares of Tata Technologies Ltd. worth ₹1.3 crore have exchanged hands, representing 3.3% of the company’s equity. The stock is currently trading 1.52% lower at ₹1,032.70. A recent large trade involved 1.3 crore shares valued at ₹1,367.4 crore, with the transaction occurring at ₹1,027 per share.
Earlier, Tata Technologies saw a large block trade on stock exchanges on August 23 as private equity firm Alpha TC Holdings sold over 75 lakh shares in the range of Rs 1,010-Rs 1,020 per share. In the Tata Technologies IPO of 2023, Tata Motors sold 11.4% of its stake, and Alpha TC Holdings reduced its holding by 2.4%. According to exchange data from June 2024, Alpha TC Holdings now holds a 4.34% stake in the company.
Vaishali Parekh, Vice-President – Technical Research at Prabhudas Lilladher, had previously highlighted Tata Technologies as a favorable stock pick, suggesting a support level at ₹980 and a positional target of ₹1,150. The stock was up 1.87% at ₹1,056.20 recently.
