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Get latest articles and stories on India at LatestLY. Equity benchmark indices climbed in early trade on Thursday but later gave up all the gains to quote lower on emergence of profit-taking amid the scheduled monthly derivatives expiry and muted trend in the US markets. India News | Markets Give Up Early Gains; Trade Lower on Profit-taking.

Tata Technologies stock rose 180 per cent to hit a high of Rs 1,500 over its issue price of Rs 500. At 10.08 am, the Tata firm was commanding a m-cap of Rs 55,329.13 crore. At least nine other Tata group companies including Tata Consultancy Services Ltd, Titan Company Ltd, Tata Motors Ltd, Tata Steel Ltd, Trent Ltd and Tata Power Company Ltd command m-caps in excess of Rs 50,000 crore. 

Flair Writing Industries IPO | The stock is priced at 24.9x Q1FY24 P/E (on diluted & annualized basis) which is discount to its peers, and quoting a market capitalisation of Rs 3,200 crore at the upper price band.

Analysts suggest booking profit as they believe the valuation gap compared to peers has narrowed and hence expect limited upside from the current levels

India Business News: Tata Technologies is all set to debut on the stock exchanges after receiving an overwhelming response for its IPO. The stock is expected to debut with

Gandhar Oil Refinery IPO Listing: Gandhar Oil Refinery (India) Ltd's shares started trading at Rs 295.40 apiece on the BSE and Rs 298 on the NSE, against the issue price of Rs 169 per share

Tata Technologies GMP soared 83 percent over the IPO price to Rs 415

Beating all estimates in the grey market, where shares were said to be trading at a premium of about 80%, Tata Tech shares listed at a 140% premium and then went on to rally another 17% to take the total gain at days high price to as much as 180%. In recent years, the best IPO in terms of listing gain was that of Sigachi Industries which debuted on November 15, 2021, at 253% premium. The stock debuted at Rs 575 per share against an issue price of Rs 163.

Several analysts recommend investors to hold the stock for the long term, and for those who failed to get allotment to accumulate on dips

Sensex climbs over 118 points to 67,020 in early trade; Nifty up 39 points to 20,136