Tata Technologies, once a dream listing, has seen its market value plummet by Rs 25,000 crore from its peak. Revenue concentration on Tata Motors and JLR, coupled with their challenges, has led to uneven financial performance and cautious brokerage sentiment. Investors face a long road to recovery as the stock struggles to regain its footing.
NSE shares fall 2%, trade marginally above IPO price after debut. Why are Macquarie, other brokerages bullish?
NSE shares fell by 1.6% to Rs 1,790 following its stock market debut on Thursday. Brokerages Macquarie and Emkay assigned positive ratings, citing growth potential