Tata stock gets REDUCE rating after Q3 results; target price cut

January 23,2025

Tata Stock, Tata Technologies Share Price: Tata Technologies shares today fell as much 3.50 per cent as the company reported flat numbers in the third quarter (Q3 FY2025). The Tata stock opened in the red at Rs 808.05 on NSE against the previous close of Rs 816.85 and went on to make a new 52-week low of Rs 788.65.

Tata Technologies shares traded 2 per cent around at Rs 800 around noon with 8.81 lakh equities changing hands.

Tata Technologies shares today fell after 6 days of consecutive gains and trading lower than 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

Tata Technologies Share Price Target 2025

Post Q3 results, brokerage firm Axis Capital has maintained REDUCE rating on Tata technologies share cut the target to Rs 840 (earlier Rs 910).

Axis Capital said that the Tata Technologies' posted muted revenue in Q3 due to industry headwinds. The macro headwinds in automotive business drive has delayed new deals in the near term. It, however, noted that services continue to lag tech solutions growth.