The recent listing of Tata Technologies IPO on Indian bourses was nothing short of impressive, as it delivered a 140% premium during a special pre-open session on Thursday. What’s even more remarkable is that those who remained invested in the stock despite the multibagger IPO’s stellar listing gain were able to gain a whopping 180% listing premium, with the share price reaching ₹1400 apiece levels on NSE.
This goes to show that investing in a successful IPO can lead to substantial returns, and the Tata Technologies IPO serves as a prime example of this. By investing in IPOs, investors can take advantage of the initial public offering and benefit from the company’s growth potential. With such impressive gains, it’s clear that IPOs can be a lucrative investment opportunity for those willing to take the risk.
Tata Technologies stock market experts suggest that those who invested in the IPO should consider booking profits and exiting, while others can wait for gains with a trailing stop loss at ₹1299 apiece levels. The stock is ideal for long-term investors. For those who missed the IPO, they should wait for the stock to settle down before entering the market.
Suggestion to Tata Technologies IPO allottees:
Prashanth Tapse, Senior VP – Research at Mehta Equities, said that the Tata Technologies IPO had a bumper listing above their expectations, indicating the Tata Group’s legacy to reward shareholders. Mehta Equities expert suggested that given the growth potential in outsourcing, the business model would be in great demand going forward. They recommend allotted investors to book 50% profits over and above ₹1400 and retain the rest of the holding for the long term, considering healthy long-term returns post-listing.
