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ā¢ Tata Technologies' IPO recorded the best debut in the Indian mainboard market in the last two years, with shares listing at a 140% premium and rallying another 17% on the first day of trading.
ā¢ Analysts suggest IPO investors can book partial profits and hold onto some units for the long term, given the company's strong fundamentals and promising growth prospects.
ā¢ Tata Tech is a pure-play manufacturing focused Engineering Research & Development company, primarily focused on the automotive industry, and is currently engaged with 7 out of the Top-10 automotive ER&D spenders and 5 out of the 10 prominent new energy ER&D spenders in 2022.