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Tata Tech shares dip 5% as brokerages reduce target prices. Should you buy?

Tata Tech Share Price: Tata Tech reported its quarterly earnings for the second time on 3rd May wherein their net profit stood at Rs 157.24 crore for the quarter ended March 2024, which was down 27% on a year-on-year basis while the consolidated revenue from operations for the reported quarter stood at Rs 1,301.05 crore, lower by 7.22% YoY.

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Tata Tech-BMW JV is good, but not enough

While this partnership undoubtedly opens up new avenues for growth and diversification for Tata Technologies, it is not a panacea for the company s broader challenges

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