Following the Tata Tech IPO, Tata Motors’ stake in Tata Tech will go down from 64.79% to 53.39%. At the upper price band, the manufacturing-focused engineering research and development company catering to the automotive industry has been valued at Rs 20,283 crore at a PE of 32.5x.
Dow and S&P end at fresh record highs, lifted by Netflix earnings and tech stocks
The Dow Jones, S&P 500, and Nasdaq posted record highs, driven by strong Netflix earnings and gains in tech stocks. Netflix surged 11.1%, boosting the