Breaking News: Tata Technology soars 163%. It has officially registered at the listing gain in two years. The first Tata group company is now going to list in the two decades now. It opened with around 140% gain at Rs. 1,199.95 before it got a rise. There is a very strong demand even after the rich valuations. Tata Tech was the second most traded stock on the NSE of India with a trading volume of Rs. 6,114.07 crore. At this, the investors of Tata Technologies are chasing the listing day gains which have been killing the company which made its debut on the Street with high gains in two years. Read the entire article to know everything.
Tata Tech Registers Highest Listing Gain
The investors of the business giant, Tata Technologies Ltd, have chased the listing day gains and have made a killing debut on the street with great gains in the two years for an offer of around Rs. 500 crore. According to the source, the stock has gained around 162.85% from the official issue price of Rs. 500 to close at Rs. 1,314.25 on 30th November 2023, Thursday. It is the highest from the time the digital analytics firm Latent View Analytics Limited was listed at a 169% premium on 23 November 2021. Scroll down.
It has been reported that the Gandhar Oil Refinery Limited has witnessed an impressive listing gain of 78.4% whereas on the other hand, the renewable energy financier Indian Renewable Energy Development Agency Limited has seen a striking gain for the second day continuously. The Fedbank Financial Services Limited has a neutral debut which closes around the issue price. A flow chart has been shared by the official of Tata Technologies. So the chart has shown that Tata Technologies has opened with 140% gains at Rs. 1,199.95 before it got raised. The company is going to list in almost two decades as it opened with a 140% gain at Rs. 1,199.95 before it raised.
The flow chart has further shown that there is a very strong demand even after the rich valuations of around 85 times the trading price to earn multiple against 32.53 times as it is going to be listed. This has been claimed that this was the second most traded stock on the NSE with a heavy trading volume of Rs. 6,114.07 crores. The investors of Tata Technologies are still standing up to purchase the stock on the secondary market with the delivery volumes at 45% on the Bombay Stock Exchange (BSE) and 46% on the National Stock Exchange (NSE).