Tata Technologies: A Forgotten Story with a Loss of Rs 25,000 Crore

Tata Technologies, an engineering and R&D services company, has lost nearly 50% of its listing-day highs and is currently valued at Rs 27,680 crore, resulting in a loss of about Rs 25,000 crore. The stock's performance has been uneven, with its largest clients, Tata Motors and Jaguar Land Rover, facing challenges. Analysts cite revenue concentration and growth visibility as major concerns, making it hard to justify the valuation unless growth becomes broad-based and margins stabilize.