Page 20 - Tata Tech News Today

This is because half of the companies that reserve portions for employees in their IPOs are not able to get the portion fully subscribed. Hence, when the employees over-subscribe to an issue, it indicates high confidence in the prospects of the business.

Two decades after TCS, the Tata Group returns to Dalal Street with its 30th company ready to be listed. The investor interest is soaring much above the price band which is fixed at ₹475 to ₹500 per equity share. But aside from the ‘Tata Premium’ what does Tata Tech offer? What is the business model? Is Tata Motors being the promoter and biggest client a risk or a boost? Why should an investor pick it over group competitor Tata Elxsi or KPIT? Tune in as Tata Tech CEO, Warren K. Harris br...

Tata Group shares: The stock jumped 5.39 per cent to hit a 52-week high of Rs 4,735.20. At this price, the scrip has rallied 45.51 per cent in three straight trading sessions. The multibagger counter has ascended by more than 105 per cent in the last six months.

“Among the largecaps, we have added Reliance, Kotak Bank, Dr Reddys and Divis. We are turning quite positive on largecap pharma segment because after years of struggle with pricing and volumes in the US markets and the struggles with US FDA, this is a sector which is now seeing good traction and is very competitive right now.”

Tata Investment Corporation Ltd, a listed holding company for several Tata group companies, has seen its shares rallying 39.47 per cent in the last four sessions on hopes of further value unlocking ahead.

The first public issue from the Tata Group in the last 20 years opens for subscription on November 22 and the final day for bidding will be November 24. Tata Consultancy Services IPO in 2004 was the last such offer from the group

Shares of Tata Investment Corporation (TIC) have been on a winning run in the calendar year 2023 with the counter having doubled investors money on a year-to-date basis. The recent surge in the stock follows a value-unlocking exercise by Tata Motors in its subsidiary Tata Technologies through a Rs 3,000-crore IPO which opens on November 22.

Tata Investment Share Price: Tata Investment Corporation shares rallied more than 15 per cent to hit a 52-week high on Monday

The valuations of Tata Technologies IPO appear to be around 27x 1 year forward, which is cheaper than the comparable listed companies, says Dhananjay Sinha.

“Tata Tech reported 18.4% of EBITDA margin in the six months for FY24 and the improvement has been enabled certainly by growth. We have clocked a cumulative average growth of close to 35% in the three-year between FY21 and FY3 and that healthy pace has continued into the first half of this year as well.”