Tata Technologies, a subsidiary of Tata Motors (TML), marked a significant milestone on Thursday, November 30, as it debuted on the market at a remarkable 140% premium to its issue price of Rs 500. The stock opened at Rs 1,200 on the NSE and ₹1,199.95 on the BSE, and made an intraday high of Rs 1400, almost 180% up.
The shares of Tata Technologies listed with a market capitalization of Rs 56,000 crores, more than Tata Elxi, which is valued at Rs 52,000 crores.
Industry analysts attribute Tata Tech’s exceptional debut to its robust subscription numbers, solid financial performance, strong parentage within the Tata Group, and optimistic growth prospects in the engineering services sector.
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