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Tata Technologies IPO: Tata Technologies submitting papers with the market regulator SEBI led to surge in Tata Motors shares on Friday regardless of weak sentiments on Dalal Street. Under this public situation, Tata Motors intends to promote 8,11,33,706 Tata Technologies shares that the auto main acquired at ₹7.40 apiece. So, Tata Motors is predicted to reap huge beneficial properties from the Tata Technologies IPO and therefore market has gone extremely bullish on Tata Motors shares.
Tata Technologies IPO: Tata Technologies submitting papers with the market regulator SEBI led to surge in Tata Motors shares on Friday regardless of weak sentiments on Dalal Street. Under this public situation, Tata Motors intends to promote 8,11,33,706 Tata Technologies shares that the auto main acquired at ₹7.40 apiece. So, Tata Motors is predicted to reap huge beneficial properties from the Tata Technologies IPO and therefore market has gone extremely bullish on Tata Motors shares.
Tata Technologies IPO particulars
Speaking on Tata Technologies IPO affect on Tata Motors shares, Avinash Gorakshkar, Head of Research at Profitmart Securities mentioned, “Tata Technologies is an IT company and Tata Motors has stake in this IT company that has applied to SEBI for its IPO. The IPO is expected to receive good response from investors due to the big name Tata being attached with the public issue. For Tata Motors, Tata Technologies IPO is going to bring cash flow as they acquired Tata Technologies shares at ₹7.40 per share (as written in the Draft Red Herring paper or DRHP).”
Tata Technologies IPO particulars
Speaking on Tata Technologies IPO affect on Tata Motors shares, Avinash Gorakshkar, Head of Research at Profitmart Securities mentioned, “Tata Technologies is an IT company and Tata Motors has stake in this IT company that has applied to SEBI for its IPO. The IPO is expected to receive good response from investors due to the big name Tata being attached with the public issue. For Tata Motors, Tata Technologies IPO is going to bring cash flow as they acquired Tata Technologies shares at ₹7.40 per share (as written in the Draft Red Herring paper or DRHP).”
Gorakshkar mentioned that Tata Technologies is but to repair IPO value however it’s for certain that Tata Technologies IPO value can be not less than 4-5 occasions of the speed at which Tata Motors acquired stake in Tata Technologies. So, Tata Motors is predicted to reap large profit from Tata Technologies IPO, mentioned Avinash Gorakshkar.
Gorakshkar mentioned that Tata Technologies is but to repair IPO value however it’s for certain that Tata Technologies IPO value can be not less than 4-5 occasions of the speed at which Tata Motors acquired stake in Tata Technologies. So, Tata Motors is predicted to reap large profit from Tata Technologies IPO, mentioned Avinash Gorakshkar.
On how Tata Technologies IPO would profit Tata Motors share value in close to time period, Anuj Gupta, Vice President — Research at IIFL Securities mentioned, “With Tata Technologies IPO, Tata Motors is going to book profit and hence cash flow in Tata Motors will go up after Tata Technologies share listing. In Q3FY23 results, Tata Motors beat the market estimates by big margin that has put Tata Motors shares in uptrend. This uptrend is expected to go further northwards after re-opening in China as it has big exposure in JLR sales in Chinese market. Hence, Tata Motors is expected to improve its balance sheet in upcoming quarter due to strong business outlook and Tata Technologies IPO is going to work as icing on the cake in near term.”
On how Tata Technologies IPO would profit Tata Motors share value in close to time period, Anuj Gupta, Vice President — Research at IIFL Securities mentioned, “With Tata Technologies IPO, Tata Motors is going to book profit and hence cash flow in Tata Motors will go up after Tata Technologies share listing. In Q3FY23 results, Tata Motors beat the market estimates by big margin that has put Tata Motors shares in uptrend. This uptrend is expected to go further northwards after re-opening in China as it has big exposure in JLR sales in Chinese market. Hence, Tata Motors is expected to improve its balance sheet in upcoming quarter due to strong business outlook and Tata Technologies IPO is going to work as icing on the cake in near term.”
Tata Technologies IPO value
On anticipated Tata Technologies IPO value, Gaurav Dua, Head – Capital Market Strategy at Sharekhan by BNP Paribas mentioned, “Listing of Tata Technologies, subsidiary of Tata Motors, might unlock worth for shareholders. Though the pricing continues to be not clear but however the road expects the corporate to listing at M-Cap of round Rs18000 crore. Consequently, it might roughly add ₹35 to ₹40 per share in SoTP valuation of Tata Motors.”
Tata Technologies IPO price
On expected Tata Technologies IPO price, Gaurav Dua, Head – Capital Market Strategy at Sharekhan by BNP Paribas said, “Listing of Tata Technologies, subsidiary of Tata Motors, could unlock value for shareholders. Though the pricing is still not clear yet but the street expects the company to list at M-Cap of around Rs18000 crore. Consequently, it could roughly add ₹35 to ₹40 per share in SoTP valuation of Tata Motors.”
Tata Motors share value outlook
Expecting sturdy rally in Tata Motors shares, Anuj Gupta of IIFL Securities mentioned, “Tata Motors share price has strong support at ₹420 apiece levels and those who have this stock in their portfolio can hold the stock with stop loss below ₹420 per share ranges. Those who wish to purchase Tata Motors shares can purchase this auto inventory at present ranges for brief to medium time period goal of ₹490 to ₹500 per share maintaining strict stop loss below ₹420 levels.”
Tata Motors share value outlook
Expecting sturdy rally in Tata Motors shares, Anuj Gupta of IIFL Securities mentioned, “Tata Motors share price has strong support at ₹420 apiece levels and those who have this stock in their portfolio can hold the stock with stop loss below ₹420 per share ranges. Those who wish to purchase Tata Motors shares can purchase this auto inventory at present ranges for brief to medium time period goal of ₹490 to ₹500 per share maintaining strict stop loss below ₹420 levels.”
Disclaimer: The views and proposals made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to test with licensed consultants earlier than taking any investment choices.
Disclaimer: The views and proposals made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to test with licensed consultants earlier than taking any investment choices.
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