True, the Indian information technology (IT) services sector is going through a rough patch now, but reports indicate that the grey market premium for Tata Technologies shares is high, suggesting strong demand for this issue. But what about the growth profile?
Tata Technologies, a global engineering research & development company, derives revenues from services segment (79% contribution to revenues in H1FY24) and technology solutions. It caters to manufacturing-led verticals such as automotive, aerospace, and transportation and construction heavy machinery. Among these, automotive is a key revenue generator with a contribution of 88% to services segment revenue in H1FY24.
Diese Geschichte stammt aus der November 22, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der November 22, 2023-Ausgabe von Mint Mumbai.
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