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ā¢ Tata Technologies is heavily dependent on its top five clients, including Vinfast, which contributes 57% of revenue and 71% of services revenue.
ā¢ Vinfast's stock price has been fluctuating due to concerns about related party-driven EV sales, frothy valuations, and declining customer traction.
ā¢ Despite these concerns, Tata Technologies' IPO was well-received and was subscribed 69.43 times, with bids worth Rs 1.56 lakh crore.