Tata Technologies Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

On the BSE 1.38 crore shares of the company has traded in the counter so far as against an average trading volume 17.04 lakh shares in the past two weeks.

On the NSE 76.06 lakh shares of the company were traded in the counter so far as against an average trading volume 14.42 lakh shares in the past three months.

About 1.3 crore equity shares or 3.3% stake changed hands at price of Rs 1,027 per share in the company. The names of buyer and sellers were not ascertained immediately. The total transaction value is worth Rs 1,367.4 crore.

As of 30 June 2024, promoters of Tata Technologies held a 55.39% stake in the company.

Tata Technologies is a global product engineering and digital services company.

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Tata Technologies has received a letter from the Government of Chhattisgarh (CoG), informing the Company about closure of the project entailing upgrading of 36 ITIs as Center of Excellence.

The Company has today i.e. 10 August 2024, sent a letter to the CoG accepting the termination of the Memorandum of Agreement and agreed to initiate steps for refund of the Escrow Amount.

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Tata Technologies has announced a strategic partnership with Arm aimed at driving innovation in software-defined vehicles (SDVs). Combining Tata Technologies' rich automotive domain expertise and software capabilities with high-performance, power-efficient Arm® Automotive Enhanced (AE) technologies, this partnership strives to reduce the development time of SDVs for automotive OEMs.

The automotive industry is transforming towards SDVs, driven by the growing demand for connected, autonomous, and electric vehicles. The evolution of SDVs demands sophisticated software seamlessly integrating with hardware to enhance functionality, safety, and user experiences. As part of this strategic partnership, Tata Technologies will develop a SOAFEE reference architecture stack using the Arm AE portfolio and Arm Compute Subsystems (CSS) for Automotive, along with enabling a cloud-native development framework integrating a variety of DevSecOps and virtual platform solutions to shift-left the development of SDVs, accelerating the time to market for automakers.

This partnership builds on the momentum from CES 2024 and Mobile World Congress 2024, where Tata Technologies and Arm jointly demonstrated a cloud-native reference software architecture for SDVs on Arm SoCs. These solutions were presented at Embedded World 2024 on the newly launched Arm Cortex®-A720AE in a virtualised environment, realising a shift-left strategy for safety-critical vehicle software running on heterogeneous computing systems.

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Net profit of Tata Technologies declined 15.40% to Rs 162.03 crore in the quarter ended June 2024 as against Rs 191.53 crore during the previous quarter ended June 2023. Sales rose 0.91% to Rs 1268.97 crore in the quarter ended June 2024 as against Rs 1257.53 crore during the previous quarter ended June 2023.

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