The IPO consists of a fresh equity issue of ₹600 crore and an Offer for Sale (OFS) of ₹320 crore
Tata Motors said earlier in the day that its net profit for the December quarter increased by 133.2% to ₹7,100 crore.
Recommendation: Buy; Target price: ₹200
Recommendation: Buy; Target price: ₹2,840
The consecutive lower circuits come in the aftermath of regulatory measures imposed by the RBI on its payments bank unit.
The BSE Midcap and Smallcap indices also exhibited gains of 0.5% each.
Listed on Indian stock exchanges on May 17, 2022, at ₹875.25 apiece compared to the issue price of ₹949
Recommendation: Buy; Target price: ₹3,500
Recommendation: Buy; Target price: ₹2,460
Tata Motors disclosed a substantial 137.5% year-on-year growth in consolidated profit, reaching ₹7,025 Crore
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