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Reputation: 642,713 • Nov 20, 2023 4:16 PM

Tata Tech IPO effect! Tata Investment Corporation shares rally 37% in 2 days

Shares of Tata Investment Corporation (TIC) have been on a winning run in the calendar year 2023 with the counter having doubled investors money on a year-to-date basis. The recent surge in the stock follows a value-unlocking exercise by Tata Motors in its subsidiary Tata Technologies through a Rs 3,000-crore IPO which opens on November 22.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Tata Investment Corporation's stock has doubled in value in 2023, following Tata Motors' IPO of its subsidiary Tata Technologies.
• Tata Investment Corporation owns a stake in several Tata Group companies and is majorly owned by Tata Sons.
• Tata Technologies' IPO is priced at Rs 475-500 per share and is expected to list at a premium of 65-70%.
https://economictimes.indiatimes.com/markets/stocks/news/...
#TATAMOTORS #TATAELXSI #TATAINVEST 

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NSE:TATAELXSI price when posted: 8,347.95