Tata Technologies Share Price Live Updates: Stock ends at ₹1,327, over 165% premium to IPO price

30 Nov 2023, 03:46 PM IST
Tata Technologies Share Price Live: Analysts’ Take on Stellar Listing

Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, expressed, “The listing of Tata Technologies is a positive development for the company and the engineering services sector. Investors who participated in the IPO should consider holding on to their shares for the long term, as the company is well-positioned for sustained growth.”

30 Nov 2023, 03:32 PM IST
Tata Technologies Share Price Live: Remarkable Listing Performance

Tata Technologies’ shares made a powerful debut on November 30, 2023, ending the listing day at ₹1,327 on NSE, presenting a remarkable 165.4% premium to the IPO price of ₹500. On BSE, the stock closed at ₹1,326.25, reflecting a 165.25% premium.

The stock opened at ₹1,200 on both NSE and BSE, marking a 140% premium over the IPO price of ₹500. It reached an intra-day high of ₹1,400, equivalent to a remarkable 180% premium.

30 Nov 2023, 03:08 PM IST
Tata Technologies Share Price Live: Insight into the Company

Tata Technologies, affiliated with the Tata Group, operates as a manufacturing-focused Engineering Research & Development (ER&D) company, primarily serving the automotive industry. It collaborates with seven of the top 10 automotive ER&D spenders and five of the top 10 new energy ER&D spenders in 2022.

The company specializes in providing outsourced engineering services and digital transformation services to global manufacturing clients, supporting them in the conceptualization, design, development, and delivery of superior products.

30 Nov 2023, 02:35 PM IST
Tata Technologies Share Price Live: IPO Listing Day Highlights

Tata Technologies, Gandhar Oil Refinery India, and Fedbank Financial Services made their stock market debut on November 30, witnessing substantial premiums upon listing. Tata Technologies exhibited an impressive doubling of investors’ money, while Gandhar Oil shares listed at a hefty premium of 76.33%. Fedbank Financial Services also gained momentum and traded higher after a modest debut.

30 Nov 2023, 01:59 PM IST
Tata Technologies Share Price Live: Post-Listing Suggestions

Arun Kejriwal, Founder at Kejriwal Research and Investment Services, advised, “Those aiming for listing gains only should book profits and exit. However, investors wanting to leverage the post-listing euphoria around Tata Technologies shares are advised to maintain a trailing stop loss at ₹1299 apiece levels, triggering until ₹1290 per share. For long-term investors, this is an ideal portfolio stock, and accumulation is recommended on significant dips of 5-7%.”

30 Nov 2023, 01:27 PM IST
Tata Technologies Share Price Live: Profit Booking Recommendation

Mehta Equities expert recommended, “Given the growth potential in outsourcing, the business model would be in great demand going forward. We recommend allotted investors to book 50% profits above ₹1400 and retain the rest for the long term, considering healthy long-term returns post listing. For investors who missed allotments, accumulating Tata Technologies on every dip post listing is suggested for the long term.”

30 Nov 2023, 01:05 PM IST
Tata Technologies Share Price Live: Market Performance

The stock reached an intra-day high of ₹1,400, presenting a 180% premium from its IPO price. As of 1:05 pm, it traded at ₹1,338.50, reflecting a premium of over 168% from the issue price.

30 Nov 2023, 12:37 PM IST
Tata Technologies Share Price Live: Investor Strategies

Stock market experts indicated that Tata Technologies shares may experience strong trading volume post-listing, expecting the price to reach ₹1,000 per share on the listing day itself. They suggested that investors who aimed for listing gains should book profits, while cautious investors may wait for more gains with a trailing stop loss at ₹1299 apiece levels. For long-term investors, Tata Technologies is considered an ideal stock to retain in their portfolios.

30 Nov 2023, 12:04 PM IST
Tata Technologies Share Price Live: Post-Listing Observations

Tata Technologies debuted on the stock market at a substantial 173% premium over its IPO price of ₹500 per share. Analysts view this as a positive development, emphasizing that investors who participated in the IPO should consider holding on for the long term due to the company’s strong fundamentals and promising growth prospects.

30 Nov 2023, 11:27 AM IST
Tata Technologies Share Price Live: Long-Term Investment Perspective

Rajnath Yadav, Research Analyst at Choice Broking, stated, “Tata Technologies is a long-term play. At a current market price of ₹1,337, the stock is trading at a P/E multiple of 75.6x, which seems to be in line with peers. Thus, short-term investors are advised to book profit, while long-term investors can remain invested. Long-only investors can consider investment at this level.”

30 Nov 2023, 10:46 AM IST
Tata Technologies Share Price Live: Trading Performance

The stock hit a high of ₹1,400 in intra-day deals, marking a 180% premium

from its IPO. At 10:45, it was trading at ₹1,317.10, indicating a premium of over 163% from the issue price.

30 Nov 2023, 10:30 AM IST
Tata Technologies Share Price Live: Notable Listing Achievement

Tata Technologies achieved the best listing since November 2021, surpassing other notable listings. The IPO was subscribed 69.43 times, and the strong listing performance aligns with market expectations for a blockbuster debut.

30 Nov 2023, 09:59 AM IST
Tata Technologies Share Price Live Updates: Strong Listing Premium

Market experts anticipate a blockbuster listing, projecting Tata Technologies shares to list at over a 75% premium against its issue price of ₹500 per equity share. The IPO, subscribed 69.43 times, reflects significant investor interest.

30 Nov 2023, 09:39 AM IST
Tata Technologies Share Price Live Updates: Listing Gains Expectation

Prashanth Tapse, Sr. VP — Research at Mehta Equities, expressed, “Considering overwhelming investors’ demand along with investor-friendly pricing indicating Tata Group legacy to reward shareholders, a strong listing gain over 75%+ can be assumed against the issue price of ₹500/- per share. There is a high possibility as per street assumption that Tata Technologies can be a doubler candidate post listing.”

30 Nov 2023, 07:11 AM IST
Tata Technologies Share Price Live: IPO Fair Pricing

Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, mentioned, “With a P/E ratio of 18.2x, the Tata Technologies IPO is priced fairly, reflecting the company’s strong fundamentals and promising growth prospects. Given the immense investor interest and the company’s robust capabilities, Tata Technologies is poised for a successful listing on the Indian stock exchanges.”

30 Nov 2023, 06:30 AM IST
Tata Technologies Share Price Live: Anticipation of Strong Performance

Tata Technologies IPO, highly oversubscribed at 69.43 times, is expected to list at a strong premium. Stock market experts predict a premium of ₹340 to ₹380, translating to a potential 75% listing gain. Post-listing, Tata Technologies shares are anticipated to reach ₹1,000 apiece levels.

30 Nov 2023, 06:07 AM IST
Tata Technologies Share Price Live: Grey Market Premium

The grey market premium (GMP) for Tata Technologies IPO is ₹440 per share, indicating a substantial premium over the issue price. With the upper end of the IPO price band considered, the estimated listing price of Tata Technologies is ₹940 apiece, reflecting an 88% increase from the IPO price of ₹500.

30 Nov 2023, 06:07 AM IST
Tata Technologies Share Price Live: Analysts’ Optimism

Market experts expect Tata Technologies shares to list at over a 75% premium against its issue price of ₹500 per equity share. The IPO’s robust subscription at 69.43 times indicates strong investor confidence. Prashanth Tapse, Research Analyst at Mehta Equities, suggests the possibility of Tata Technologies being a potential doubler post-listing.