Tata Technologies, a leading global engineering and IT services provider, recently made its debut on the stock market. The company’s IPO was issued at a price of INR 500 per share. Tata Technologies’ IPO share was listed at INR 1,200, a 140% increase, and immediately reached INR 1,400. After the listing, the share closed at INR 1,313 following profit booking. The company’s shares were performing well in the grey market. Currently, Tata Technologies’ shares are trading at INR 1,222, reflecting a 6.93% decline on Friday, December 1, 2023. The IPO was oversubscribed nearly 80 times.
According to Anand Rathi firm, it is advisable to hold Tata Technologies’ shares as the company has a strong business model and is expected to perform well in the long run. Choice Broking firm suggested investors to book profits in the short term and hold the remaining shares for the long term. Mehta Equities firm recommended buying Tata Technologies’ shares on dips. Swastika Investmart firm advised investors who received the IPO stock allocation to hold the shares for the long term.
Tata Technologies, an Indian multinational engineering and design services company, recently made its debut in the stock market. Here are some key details about the company’s IPO:
1. IPO Listing: Tata Technologies’ shares were listed in the stock market recently.
2. Issue Price: The IPO share price of Tata Technologies was set at Rs 500.
3. Listing Price: The company’s IPO share was listed at Rs 1,200, marking a 140% increase from the issue price.
4. Immediate Surge: Immediately after listing, Tata Technologies’ shares reached Rs 1,400.
5. Profit Booking: After the listing, profit booking began, and Tata Technologies’ shares closed at Rs 1,313.
6. Grey Market Activity: In the grey market, Tata Technologies’ shares were trading strongly.
7. Current Trading: As of Friday, 1 December 2023, Tata Technologies’ shares are trading at Rs 1,222, experiencing a 6.93% decline.
8. Oversubscription: The IPO of Tata Technologies was oversubscribed nearly 80 times.
9. Expert Opinion ★Anand Rathi Firm: Anand Rathi Firm has advised holding Tata Technologies’ shares, stating that the company has a strong business model and is expected to perform well in the long term.
10. Expert Opinion ★Choice Broking Firm: Choice Broking Firm has advised short-term investors to book profits in Tata Technologies’ shares, while recommending long-term investors to hold the stock.
11. Expert Opinion ★Mehta Equities Firm: Mehta Equities Firm has advised buying Tata Technologies’ shares on the dip. They suggest investors book profits by selling half of their shares and hold the remaining shares for the long term.
12. Expert Opinion ★Swastika Investmart Firm: Swastika Investmart Firm suggests investors hold Tata Technologies’ shares for the long term, especially those who were allotted IPO shares.
13. News Date: The Tata Technologies IPO took place on 2 December 2023.
Please note that the information provided is based on the given news title and may not reflect the most recent updates on Tata Technologies’ IPO.
People Can Find This Information Useful for: Tata Technologies, IPO, share market, listing, issue price, share, percentage, grey market, Friday, December 1, 2023, Anand Rathi, Choice Broking, Mehta Equities, Swastika Investmart
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.
