Tata Technologies IPO 2023: Dhananjay Sinha, who co-leads the equities and heads research at Systematics Group, suggests that investing in Tata Technologies could be a good move.
The company specializes in creating digital solutions and developing products for Original Equipment Manufacturers (OEMs) and their Tier-1 partners. According to Sinha, Tata Tech is priced more reasonably compared to similar companies on the stock market.
Tata Technologies IPO 2023
SINHA SAYS IT’S TOO EARLY TO EXPECT THE FEDERAL RESERVE TO LOWER INTEREST RATES.
The Tata Technologies IPO is scheduled to open on November 22. Sinha emphasizes that investing in the company could be a smart decision. They work on creating solutions for product development and digital needs for OEMs and their Tier-1 partners. According to Sinha, Tata Tech’s value is a good deal compared to similar companies on the market. Dhananjay Sinha has over 22 years of experience in financial markets, equity research, and economics. More info about This expert expect returns from Tata Technologies IPO 2023.
He explains that the Reserve Bank of India (RBI) wants to control careless lending by banks and non-banking financial companies through strict rules on retail credit. This helps prevent financial instability. Talking about recent inflation figures in the United States, he says the market is relieved because retail inflation is lower than expected, at 3.2 percent.
This raises hopes for a potential reduction in interest rates by the US Federal Reserve. However, core inflation is still at 4%, and the recent drop in headline inflation is likely temporary due to lower gasoline prices. More info about This expert expect returns from Tata Technologies IPO 2023.
According to Sinha, it’s too early to expect the Federal Reserve to lower interest rates. He believes there’s a slim chance of the US Central Bank reducing interest rates in the December meeting. When asked if it’s a good time to invest in IT stocks, he says despite a strong influx of orders, the sector hasn’t converted business at satisfactory rates. Investor interest is slowly returning, hoping that company management will take a more positive approach in the coming quarters.
When questioned about his optimism on power and power-related stocks, including charging stations and solar glass, he says there’s increasing demand from both domestic and agricultural sectors. This has improved the performance of power-generating companies. Wind and solar energy sectors are also doing well.
According to Dhananjay Sinha, power sector stocks have shown relatively good performance. The future of this sector depends on global crude prices and fuel costs in the domestic market.