Tata Technologies share price Highlights: ‘Listing beyond imagination’, says expert
Tata Technologies share price LIVE: Tata Technologies IPO was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Thursday, November 30. It is the first Tata Group company to have gone public in nearly two decades. Tata Consultancy Services had launched its IPO way back in 2004.
The IPO had opened for subscriptions on November 22 that lasted till November 24. The investors oversubscribed the IPO by 69.43 times, the most among a string of IPOs last week, fetching bids for the company worth 1.56 trillion rupees....Read More
Tata Technologies had reported a nearly 43% jump in consolidated net profit in the financial year ended March 31, 2023, while its revenue rose 25%
Tata Technologies IPO listing: Highlights
On the listing day of Tata Technologies IPO, the share prices of the firm skyrocketed threefold, and the valuation of the company saw an all time high. Tata Technologies has also joined the top seven companies in India to have the highest listing day returns.
In summation, Tata Technologies IPO is proving to be beneficial for the shareholders and bidders, with the shares starting at ₹500 and now set to cross ₹1400 soon.
Tata Technologies subscribed nearly 70 times
After the IPO bidding closed, it was recorded that the Tata Technologies issue was subscribed 69.43 times, making it one of the most sucessfull Tata IPOs of all time.
Tata Technologies joins top 7 stocks with highest listing-day returns
Tata Technologies has emerged as the seventh highest listed company in India after its shares soared at around 168 percent on listing day of the IPO.
Tata Technologies valuation nears USD 7 billion mark
After the successful listing of the IPO, Tata Technologies valuation has skyrocketed, nearing USD 7 billion for the first time since the inception of the company.
Tata Technologies IPO: Firm valuation skyrockets after listing
With the spike in share prices, the valuation of Tata Technologies has also grown majorly, with the market valuation of the firm listed at ₹54,353.50 crore on BSE.
Tata Technologies makes 3-fold jump after IPO listing
While Tata Technologies issues price was at ₹500, its shares have now jumped to ₹ ₹1,200 on the NSE and at ₹1,199.95 on the BSE, jumping three-fold after the IPO listing of the firm.
Tata Technologies' valuation ahead of KPIT Technologies, L& Technology Services
Tata Technologies' valuation has topped that of its peers KPIT Technologies, L&T Technology Services and sister Tata Group company Tata Elxsi, which are valued between 409 billion rupees and 524 billion rupees, reports Reuters
India witnessed a record 196 IPOs so far this year
India has seen a record 196 IPOs so far this year, with share benchmarks scaling record highs on improving economic growth prospects and a vast consumer base, reports Reuters
Tata Technologies share price LIVE: ‘Listing beyond imagination’, says expert
Tata Technologies' "listing was beyond imagination... and post that, the rally to 1,400 rupees was even more unexpected," Arun Kejriwal, founder of Kejriwal Research and Investment Services, told Reuters, adding that short-term investors could book profits. The company's future earnings through a part of financial year ended 2025 appear to have been discounted at the current valuation, Kejriwal added.
Tata Technologies share price LIVE: Here's what we know about the company
Tata Technologies provides engineering research and development services along with product development and digital solutions to global OEMs and their key suppliers. The company is looking to expand into aerospace, transportation and electric vehicles.
Its automotive business delivers about 70% of sales, with Tata Motors and JLR among key clients and Vietnam’s Vinfast emerging as a major customer.
Tata Technologies share price LIVE: How other IPOs listed are performing
Here's how other companies' IPOs listed today are performing at the moment.
Federal Bank Financial Services is trading at ₹146.55 a share on BSE and ₹146.50 a share on NSE. Gandhar Oil Refinery is currently trading at ₹308.50 on Nifty and ₹308.60 on BSE
Tata Technologies share price at ₹1,339 on BSE, ₹1,341 on NSE
The Tata Technologies shares are currently trading in green at ₹1,339 a piece on the Bombay Stock Exchange. On the NSE, the shares are trading at ₹1,341 a piece.
‘Robust investor interest reflects the company’s strong fundamentals', says expert
"This robust investor interest reflects the company's strong fundamentals and promising growth prospects and of course the legacy of the Tata group," Shivani Nyati, Head of Wealth, Swastika Investmart Ltd told ANI after the listing.
Market update: Sensex down by 188 points at 66,715; Nifty at 20,059
The BSE Sensex is currently down by 188 points at 66,715 points. Nifty is trading at 20,059
Tata Technologies' market valuation at ₹52,939.74 crore during morning trade
At the NSE, the Tata Technologies shares began the trade at ₹1,200, rallying 140 per cent. The stock later jumped to ₹1,400. The company's market valuation stood at ₹52,939.74 crore during the morning trade, PTI reported
Tata Technologies IPO closed with bids worth ₹1.56 lakh crore
As of 5pm on Friday, November 24, Tata Technologies IPO saw total bids worth ₹1.56 lakh crore, while the issue size of the initial public offering remains ₹2,200 crore, without the anchor portion. Deep dive
Tata Technologies shares trading at ₹1,313 on debut
Tata Technologies shares are currently trading at ₹1,313 on debut on the Bombay Stock Exchange.