At a 140% premium over the issue price of Rs 500, Tata Technologies’ listing price of Rs 1,200 beat Street’s estimates. While the stock was expected to double on the listing, it went far beyond, hitting the day’s high of Rs 1,400 on the NSE or a 180% uptick over the upper IPO price band.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce