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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 breaks it down to ET’s Anupriya Nair and Ashutosh Shyam in the latest episode of The Morning Brief p...
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 Reddy's and Divi's. 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.