Tata Technologies IPO: Ever since Tata Technologies Ltd filed papers to launch its IPO, stock market watchers have been busy assessing the impact of Tata Technologies’ IPO on Tata Motors. In this upcoming IPO, Tata Motors intends to sell 8.11.33.706 shares of Tata Technologies that the automajor had acquired €7.40 per share (as quoted in the Draft Red Herring Paper or DRHP). Experts are very bullish on both Tata Motors shares and Tata Technologies IPO. They said the market expects the public offering in the next two to three months and although the price range is not disclosed, the market expects Tata Motors to benefit tremendously as it acquired Tata Technologies shares at a paltry price €7.40 each levels.
Tata Technologies IPO: Ever since Tata Technologies Ltd filed papers to launch its IPO, stock market watchers have been busy assessing the impact of Tata Technologies’ IPO on Tata Motors. In this upcoming IPO, Tata Motors intends to sell 8.11.33.706 shares of Tata Technologies that the automajor had acquired €7.40 per share (as quoted in the Draft Red Herring Paper or DRHP). Experts are very bullish on both Tata Motors shares and Tata Technologies IPO. They said the market expects the public offering in the next two to three months and although the price range is not disclosed, the market expects Tata Motors to benefit tremendously as it acquired Tata Technologies shares at a paltry price €7.40 each levels.
Stock market experts advised retail investors who wish to apply for a Tata Technologies IPO to start accumulating Tata Motors shares as the auto stock is expected to remain on an uptrend in the near future.
Stock market experts advised retail investors who wish to apply for a Tata Technologies IPO to start accumulating Tata Motors shares as the auto stock is expected to remain on an uptrend in the near future.
As for how the Tata Technologies IPO will affect Tata Motors’ share price, Avinash Gorakshkar, Head of Research at Profitmart Securities, said: “The Tata Technologies IPO is expected to perform well given the public offering from the major brand Tata is supported. The public offering would bring cash to Tata Motors expected to improve margins and the carmaker’s balance sheet As Tata Technologies Ltd is an IT company, it appears that it was an investment of the excess funds available at Tata Motors , when it acquired Tata Technologies stock. Therefore, Tata Technologies’ IPO should be viewed as a profit booking for Tata Motors.” He said Tata Motors reported strong FY23 Q3 numbers and is expected to deliver attractive Q4 numbers as well.
As for how the Tata Technologies IPO will affect Tata Motors’ share price, Avinash Gorakshkar, Head of Research at Profitmart Securities, said: “The Tata Technologies IPO is expected to perform well given the public offering from the major brand Tata is supported. The public offering would bring cash to Tata Motors expected to improve margins and the carmaker’s balance sheet As Tata Technologies Ltd is an IT company, it appears that it was an investment of the excess funds available at Tata Motors , when it acquired Tata Technologies stock. Therefore, Tata Technologies’ IPO should be viewed as a profit booking for Tata Motors.” He said Tata Motors reported strong FY23 Q3 numbers and is expected to deliver attractive Q4 numbers as well.
How Tata Technologies IPO Benefits TaMo
Gorakshkar said that Tata Technologies has yet to set the IPO price, but it is certain that Tata Technologies’ IPO price would be at least 4-5 times the rate at which Tata Motors acquired a stake in Tata Technologies . So, Tata Motors is expected to benefit hugely from Tata Technologies’ IPO, Avinash Gorakshkar said.
How Tata Technologies IPO Benefits TaMo
Gorakshkar said that Tata Technologies has yet to set the IPO price, but it is certain that Tata Technologies’ IPO price would be at least 4-5 times the rate at which Tata Motors acquired a stake in Tata Technologies . So, Tata Motors is expected to benefit hugely from Tata Technologies’ IPO, Avinash Gorakshkar said.
Tata Technologies IPO Rating
Anuj Gupta, Vice President – Research at IIFL Securities, stated that the Tata Technologies IPO is a win-win for Tata Motors shareholders, saying: “The Tata Technologies IPO could create value for the shareholders of Unleash Tata Motors.” He said that Tata Technologies has yet to announce the IPO price, but it is certain that the market capitalization will be there €18,000 crore to €20,000 crore and based on that we can expect Tata Technologies’ IPO price to be around €40 per share.
Tata Technologies IPO Rating
Anuj Gupta, Vice President – Research at IIFL Securities, stated that the Tata Technologies IPO is a win-win for Tata Motors shareholders, saying: “The Tata Technologies IPO could create value for the shareholders of Unleash Tata Motors.” He said that Tata Technologies has yet to announce the IPO price, but it is certain that the market capitalization will be there €18,000 crore to €20,000 crore and based on that we can expect Tata Technologies’ IPO price to be around €40 per share.
Benefit for Tata Motors shareholders from the forthcoming IPO
Avinash Gorakshkar advised stock market investors to start hoarding Tata Motors shares now as the auto stock is expected to benefit from recent global triggers such as the US Federal Reserve’s concern over a looming US economic slowdown of the banking crisis, falling US dollar interest rates and the dollar index shelves 101 easing. Gorakshkar said the falling US dollar could force FIIs to look at emerging markets, which includes the Indian stock market. Since Tata Motors is an FII and mutual fund favorite, it’s expected to benefit from recent stock market triggers as well.
Benefit for Tata Motors shareholders from the forthcoming IPO
Avinash Gorakshkar advised stock market investors to start hoarding Tata Motors shares now as the auto stock is expected to benefit from recent global triggers such as the US Federal Reserve’s concern over a looming US economic slowdown of the banking crisis, falling US dollar interest rates and the dollar index shelves 101 easing. Gorakshkar said the falling US dollar could force FIIs to look at emerging markets, which includes the Indian stock market. Since Tata Motors is an FII and mutual fund favorite, it’s expected to benefit from recent stock market triggers as well.
So both short-term sentiment and fundamental developments such as the Tata Technologies IPO and quarterly results signal an uptrend in Tata Motors shares.
Both short-term sentiment and fundamental developments such as the Tata Technologies IPO and quarterly results signal an uptrend in Tata Motors shares.
Advising position investors to buy shares in Tata Motors, Sumeet Bagadia, Executive Director at Choice Broking said, “Tata Motors has made a new breakthrough €460 per share on a closing basis and the stock looks very bullish on the chart pattern. One can buy the stock at current levels for a short-term target of €490 to €500 levels apiece, keeping the stop loss at €450 steps each.”
Advising position investors to buy shares in Tata Motors, Sumeet Bagadia, Executive Director at Choice Broking said, “Tata Motors has made a new breakthrough €460 per share on a closing basis and the stock looks very bullish on the chart pattern. One can buy the stock at current levels for a short-term target of €490 to €500 levels apiece, keeping the stop loss at €450 steps each.”
For those who have Tata Motors stock in their stock portfolio, Sumeet Bagadia said: “Those who have Tata Motors stock in their portfolio can increase their trailing stop loss to €450 and hold for €490 to €500 per share as a target.”
For those who have Tata Motors stock in their stock portfolio, Sumeet Bagadia said: “Those who have Tata Motors stock in their portfolio can increase their trailing stop loss to €450 and hold for €490 to €500 per share as a target.”
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms and not Mint. We advise investors to consult certified professionals before making any investment decisions.
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms and not Mint. We advise investors to consult certified professionals before making any investment decisions.
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