Tata Technologies Limited recently got listed on the stock exchange. The company’s shares have doubled in value on the first day, giving investors a significant return on their investment. The shares were initially allotted at a price of INR 500 on November 30, 2023, and were listed at INR 1,200 on the stock exchange. Within a few hours of listing, the share price reached INR 1,400. On Friday, December 8, 2023, Tata Technologies’ shares were trading at INR 1,206.10 with a 1.72% increase. However, on Monday, the stock experienced a 17% decline from its all-time high. The shares started trading at INR 1,150 and reached a high of INR 1,220 on Tuesday.
Experts have advised buying Tata Technologies’ shares on a retracement. Investors can consider purchasing the shares between INR 1,175 and INR 1,205. Many investors have already made profits by selling the shares at higher levels. It is believed that if the share stabilizes during this period, it may witness a good upward momentum. After listing, several new investors bought the stock at the price level of INR 1,150. Since the bumper opening, new investors have been looking for opportunities to buy this stock on retracement. If the share price surpasses the level of INR 1,400, it may witness a retracement of 17%. Some experts have suggested that the stock may continue to experience a downward trend.
Tata Technologies Share Price 9 December 2023:
1. Tata Technologies Limited’s shares were recently listed on the stock exchange.
2. The company’s shares doubled the investment of its investors on the first day.
3. On November 30, 2023, Tata Technologies Limited’s shares were allocated at a debut price of INR 500 and listed at INR 1,200 on the stock exchange.
4. Within a few hours of listing, Tata Technologies Limited’s shares touched a price of INR 1,400.
5. On Friday, December 8, 2023, Tata Technologies Limited’s shares were trading at INR 1,206.10 with a growth of 1.72%.
6. On Monday, the shares of Tata Technologies Limited witnessed a decline of 17% from their all-time high. The trading started at INR 1,150 and reached INR 1,220 on Tuesday.
7. The stock is expected to recover profits naturally from its high listing price.
8. Experts have advised buying Tata Technologies Limited’s shares on retracement. Investors can buy the shares between INR 1,175 and INR 1,205.
9. Many investors have already earned profits by selling the company’s shares at higher price levels.
10. It is believed that once the share stabilizes during this period, it can witness significant growth.
11. After the listing of Tata Technologies Limited’s shares, several new investors bought the stock at the price level of INR 1,150.
12. Since the bumper opening, new investors have been looking for retirement opportunities in this share.
13. If the company’s shares surpass the price of INR 1,400, a retirement of 17% can be expected.
14. Some experts have advised caution due to the ongoing decline in Tata Technologies Limited’s share price.
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