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Coal India share price has surged significantly in 2023 and experts anticipate further gains, with brokerage firms maintaining buy calls on the stock.
Diwali fireworks are expected to continue on Dalal Street next week, with four companies collectively seeking to mobilise over Rs 6,600 crore through initial public offerings (IPOs). In terms of the amount raised, this is poised to be the busiest week of calendar year 2023. Tata Technologies (Tata Tech), a subsidiary of Tata Motors, could lead the charge with an IPO projected to be over Rs 2,900 crore. This will mark the first maiden share sale by a Tata Group firm in nearly two decades.
Gopal Snacks IPO: The IPO consists of only an offer-for-sale (OFS) of Rs 650 crore worth shares by shareholders including promoters, and there is no fresh issue component
Analysts seem to be veering towards Tata Tech IPO as they believe it is a must apply not only based on the grey market trends for listing gains, but also for its long-term prospects due to Tata's lineage and healthy financials.
As many as 17 domestic mutual fund houses picked up shares worth Rs 355 crore in the anchor book of Tata Technologies’ IPO through a total of 39 schemes.