Tata Tech’s Stock Skyrockets with a Whopping 140% Premium – Investors in Awe

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Tata Technologies, a provider of engineering and product development digital services, made a strong debut on the stock exchanges. The company’s shares listed at Rs 1,200 on the BSE, registering a premium of 140 per cent to the issue price of Rs 500. The stock further zoomed 180 per cent to Rs 1,400, showing a huge surge of 139.99 per cent from the issue price on the BSE . At the NSE, it began the trade at Rs 1,200, rallying 180 per cent .

Key points about the Tata Technologies IPO:

  • The issue was oversubscribed 69 times, indicating strong investor interest in the company .
  • The grey market premium (GMP) rose over 80 per cent, suggesting the strong demand for the IPO even before its listing .
  • The company was listed at a record high premium of 140 per cent to the issue price .
  • The issue received a record 73 lakh applications, showing the high demand for Tata Technologies’ shares.

What’s next?

  • If you didn’t participate in the IPO, consider analyzing the company’s fundamentals and growth prospects before making a decision.
  • If you’re a long-term investor, you might consider holding on to your shares as the company is well-positioned for sustained growth .
  • You can check the company’s post-listing performance on the BSE and NSE.
  • You can also consider investing in other similar engineering services companies, given the strong demand for this sector.

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