Page 22 - Tata Tech News Today

The surge in Tata Investment share price also comes after the company announced the appointment of senior management personnel

A new offering for Pro subscribers! This column peeps into the inner goings-on of Dalal Street, bringing you a ringside view of what stocks veteran bulls are eyeing, what the bears are ganging up against, secret deals and more

The contribution of Tata Motors and JLR (Jaguar Land Rover) to Tata Technologies will fall in the medium to long term, said Warren Harris

Tata Technologies, whose issue would kick off on Wednesday, November 22, is a subsidiary of Tata Motors. Tata Investment Corporation is a promoter group entity in Tata Motors.

“IREDA looks like a good bet for people who want to participate. From a sector perspective, from a group perspective, that looks quite compelling. But I am baffled by Tata Technology. I am really trying to figure out what exactly this company is trying to do and what is the purpose of doing the IPO.”

Both Tata Motors and JLR expect to increase their capex which eventually will benefit Tata Tech

The OFS consists of up to 60.85 million shares by its existing shareholders

Tata Technologies IPO | The Tata Motors subsidiary is planning to raise Rs 3,042.51 crore via public issue at the upper price band. The issue comprises only an offer-for-sale (OFS) by the promoter and investors.

Tata Techs IPO comprises only an offer-for-sale (OFS) by the promoter and investors

“In the auto sector, clearly passenger vehicles as well as two-wheelers have done very well. There has been some amount of revival in the farm sector. But that is more company specific. Companies like Escorts are doing very well and that is because not just farm, but farm-related equipment are also doing well. As far as two-wheelers are concerned, this is the part of the consumer durable spend that is holding up. ”