Despite no new launches, five IPOs that hit the Street last week will likely see their shares getting listed. Among these, Tata Technologies, with a soaring GMP of over Rs 400, is generating a lot of interest among investors and analysts alike on the potential bumper debut. Considering the upper price band of Rs 500, the stock is expected to list at a premium of over 80% as compared to the issue price.
Recent acquisitions help shore up Tata Consumer revenue
At 14.9%, the company’s operating profit margin for the quarter was 47 basis points, or 0.47 percentage point, higher than the year-ago level, but it