Tata Technologies recently made its IPO debut in the stock exchange, offering shares at a price of Rs. 500. The listing price on November 30th was around Rs. 1,200, giving investors a premium of 140%. However, the share price faced a significant drop on December 1st, closing at Rs. 1,220.50, marking a 7.04% decrease. Despite this, experts have advised holding onto Tata Technologies shares in the long term, as the company’s business model in the outsourcing sector is expected to see significant growth in the coming years. It is believed that the company’s revenue and profits may increase, providing investors with good returns. Experts have also suggested that purchasing Tata Technologies shares at a lower price could be a good investment strategy.
In the domestic market, renowned investor Anand Rathi has recommended holding Tata Technologies shares for a long period. Additionally, several experts have stated that investing in the IPO could yield profits, with a potential 50% return if the share price reaches Rs. 1,400. Overall, the recent IPOs in the market have shown profitable results, and Tata Technologies’ IPO has made a significant impact in the market. The IPO was open for general investors from November 22nd to November 24th, offering a lot size of 30 shares at an issue price of Rs. 475-500. This meant that investors had to purchase a minimum of 30 shares.
The Tata Technologies share price experienced significant gains following its recent IPO. The company allocated IPO shares to investors at a price of 500 rupees per share, and the stock listed on the market at a premium of 140% on November 30th, at a price of 1,200 rupees. However, the share price saw a sharp decline on December 1st, with a decrease of 7.04% or 92 rupees, closing at 1,220.50 rupees. During this period, the stock reached a high of 1,348 rupees and a low of 1,211.60 rupees on the National Stock Exchange.
Experts have advised investors to hold onto Tata Technologies shares for the long term, as the company’s business model in the outsourcing industry may see significant growth in the coming years, leading to increased revenue and profits. Some experts also suggest buying the shares if they experience weakness. Prominent investor Anand Rathi has recommended holding Tata Technologies shares for an extended period, and several experts have stated that investing in the IPO could yield profits. Additionally, some experts believe that if the share price reaches 1,400 rupees, investors could potentially earn a 50% profit.
Overall, the recent IPO of Tata Technologies has been a memorable event in the market, with the listed shares making significant gains.
People Can Find This Information Useful for: Keywords: Tata Technologies, share price, IPO, listing, investors, double return, triple return, premium, market, National Stock Exchange, NSE, experts, investment, revenue, profit, hold, weak, market, Anand Rathi, long-term, IPO market, memorable week.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
