Tata Technologies shares are likely to be under pressure after Goldman Sachs maintained a ‘Sell’ rating on the stock, with a target price of Rs 550 per share.
The brokerage noted that the company’s fourth quarter (Q4FY25) results were broadly in line with expectations, but the profit after tax (PAT) beat was primarily driven by higher other income, including foreign exchange gains, investment returns, and higher interest income.
Goldman Sachs also highlighted that Tata Technologies’ management indicated positive conversations with clients during Q4 around a potential pickup in automotive engineering, research, and development (ER&D) spending starting from the first quarter of FY26.
Tata Technologies Q4 results highlights:
Net profit rose 20.2% year-on-year to Rs 188.9 crore compared to Rs 157.2 crore a year ago.
Revenue declined 1.2% year-on-year to Rs 1,285.7 crore versus Rs 1,301 crore last year.
At the current market price of Rs 692.00 per share, Goldman Sachs’ target price of Rs 550 implies a potential downside of about 21%.
Disclaimer: This article is for informational purposes only. Investors are advised to consult certified financial advisors before making any investment decisions.
