Tata Tech IPO: Tata Investments Shares Surge Ahead Of Tata Motors; 39% Gain In 2 Days

As a Tata Group company entering the primary market after a gap of two decades, the excitement over Tata Technologies IPO is running high. The Tata Tech IPO is expected to get a good response from investors. Meanwhile, Tata Investment Corporation is a stock that is jumping ahead of Tata Motors, the parent company of Tata Tech. The stock rose by 39 percent in just two days. The details regarding this are given below.

Tata Investment Corporation

Tata Investment Corporation is one of the holding companies of Tata Group. It is also a Reserve Bank approved non-banking financial institution. The company focuses on investing in listed and unlisted category equity shares, various bonds and mutual funds. In 2008, it became a subsidiary of Tata Sons Pvt. Currently the market value of the company is 22,756 crores.

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Meanwhile, in the private sector, they are the co-promoters of Tata Asset Management Company, one of the first private fund management companies in the country. As of March 2022, Tata Investmer Corporation manages investments in 87 companies across various industries with a market capitalization of Rs 20,700 crore.

Stock gain

After Tata Technologies IPO date and price band was fixed, Tata Investment Corporation shares registered a huge advance. A 39 percent increase has been achieved in the last two days alone. Meanwhile, the stock also hit a new 52-week high.

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Tata Investment Corp shares have gained 79 per cent in the last three months and 113 per cent in the year-to-date period. The dividend yield of the continuously paying stock is 1.07 percent. Meanwhile, in Tata Tech’s parent company, Tata Motors, Tata Investments owns only 0.33 per cent stake, while Tata Sons owns 43.71 per cent stake.

Tata Tech IPO

Tata Technologies is a global engineering product development services company. It is a subsidiary of Tata Motors, a leading automobile manufacturer. The price band (price band) to apply for shares in the IPO is Rs 475 to Rs 500. But the IPO should be applied for in multiples (lot size) of 30 shares.

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Meanwhile, the latest gray market premium (GMP) for Tata Technologies stock is Rs 340-345. According to market experts, a gain of 65 to 70 percent can be expected on the listing of the stock. Applications for shares in the IPO can be submitted from November 22 to 24. After the IT company TCS in 2004, Tata Technologies is the first company to enter the stock market from the Tata Group.

(Notice: The above information is shared for educational purposes. Not an investment recommendation. Investing in the stock market is subject to the possibility of profit and loss. You may seek advice from SEBI approved financial experts before taking any investment decision.)