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At a 140% premium over the issue price of Rs 500, Tata Technologies' listing price of Rs 1,200 beat Street's estimates. While the stock was expected to double on the listing, it went far beyond, hitting the day's high of Rs 1,400 on the NSE or a 180% uptick over the upper IPO price band. Reacting on the development, Shivani Nyati, Head of Wealth, Swastika Investmart said that the much-anticipated stock market debut was impressive with a blockbuster premium of 173% over its IPO price.

Multibagger IPO: Shares of Gandhar Oil Refinery Ltd listed on Indian bourses at bumper premium during special pre-open session on Thursday. Gandhar Oil IPO listed on NSE at ₹298 per share levels, delivering to the tune of 76 per cent premium against upper price band of ₹169 apiece.

Ashwini Agarwal, Founder, Demeter Advisors, says the market is kind of ignoring the elections which is always a very dangerous thing to do. You may be right that the market is kind of discounting a good outcome for the BJP and that may or may not happen. So, yes, that is an issue. But, having said that, even if there is a little bit of a shakeup, history tells us that state elections and central elections are very different things and so to extrapolate what happens at the state level as an outcome for the general elections in the middle of next year might be a mistake.” So far so good. A party which started just before Diwali, looks like it still has got some more legs left. I agree with you. The party looks likely to continue for the simple reason that market has been climbing a wall of worry and if we turn the clock back a couple of months, the worry was on the interest rate environment, on inflation and slower growth and suddenly the narrative seems to have changed that inflation is moderating, interest rates have come off in the US if 10-year government bond yields are to be observed.

ONGC) and Oil India are expected to ride on a multi-year upcycle with oil prices remaining elevated at levels between $80 and $100 per BBL for much of CY24, Motilal Oswal said in a note as it picked these stocks as its preferred buys in the energy space. A resilient demand growth amid sufficient new supply will keep the crude oil prices firm, the Motilal Oswal report said while conceding supply delays are not ruled out.

Page Industries Ltd. fell 0.26 per cent to Rs 37248.15 in Thursday's session as of 12:32PM (IST) even as the equity benchmark Sensex traded 209.98 points lower at 66691.93. Earlier in the day, the stock witnessed a gap up start to the session.

Tata Motors. Tata Technologies shares got listed at ₹1,200 apiece on NSE, a premium of 140% to the issue price of ₹500 per share. This was the best listing in the Indian stock market since November 2021.

Raymond has been in focus this month amid reports that Chairman Gautam Hari Singhania's estranged wife Nawaz Modi has demanded 75 percent of his fortunes. The couple announced separation earlier this month. Nawaz Modi, the estranged wife of billionaire industrialist Gautam Singhania, has come out with allegations of physical abuse against her husband.

₹1400 apiece levels on NSE, delivering 180 per cent listing premium to those allottees who remained invested in the stock despite stellar listing gain from the multibagger IPO. According to stock market experts, demand for Tata Technologies share price is still intact as it has registered arond 3.3 crore trade volume within an hour of listing on NSE.

Gold Bond investors, who had made the right decision eight years ago, are elated as the safe haven has ended up delivering a solid tax-free return of 128% besides an annual 2.5% interest. But equity bulls betting on a gold jeweller, with over 844 branches at last count, have managed to outshine even the yellow metal with a fascinating 801% return. No points for guessing that the stock we are talking about is Titan, which runs four jewellery brands — Tanishq, Mia, Zoya and Caratlane.

Shree Cements Ltd. rose 0.56 per cent to Rs 26235.6 in Thursday's trade as of 10:45AM (IST) even as the benchmark Nifty ruled at 20102.5, up 5.9 points. The scrip had closed at Rs 26088.3 in the previous session.

Nifty 50 reclaiming the psychological 20,000 levels, silver price rally outshined 50-stock index in the month of November. In November till date, silver price has rallied to the tune of 6 per cent in domestic market whereas in international market, the precious white metal has risen more than 9 per cent, a return which is much higher than public providend fund (PPF) or bank fixed deposit (FD) returns.

Arvind Fashions share price has been on a roll in November so far. Arvind Fashions share price has surged almost 35 per cent in November so far while the Sensex has gained nearly 5 per cent. Year-to-date, Arvind Fashions share price is up over 24 per cent while the Sensex has gained about 10 per cent.

PVR-Inox multiplexes after a muted start to the third quarter of FY24. Along with strong December occupancy, a gradual recovery in ad revenue and ramp up in margin-accretive segment would drive operating income of the company, analysts said. Nuvama Institutional Equities has reiterated a ‘Buy’ rating on PVR-Inox shares with a target price of ₹2,210 apiece, implying an upside of 30% from Wednesday’s closing price.

Ashok Leyland while Jefferies recommended a buy on Eicher Motors. Also, Kotak Institutional Equities had a buy rating on Zomato and Shriram Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Ashok Leyland: Buy| Target Rs 238 CLSA maintained a buy rating on Ashok Leyland with a target price of Rs 238.

Day trading guide for today: Despite mixed global market cues, Indian stock market finished higher on Wednesday. Nifty 50 index ended above 20,000 levels for the first time since September 2023 and closed at 20,096 levels. BSE Sensex registered 727 points gain and closed at 66,901 mark whereas Bank Nifty index gained 685 points and finished at 44,566 levels.

The S&P BSE Sensex rose more than 700 points while Nifty50 reclaimed the 20,000 mark on Wednesday. The Nifty future closed positive with gains of 0.48% at 19889 levels. Positive setup was seen in stocks like Hindalco, IOC, Tata Motors, NMDC, Bharti Airtel, MCX, PNB, Hind Petro, Tata Power, India Cements, MFSL and Adani Port. India VIX was up by 7.46% from 11.33 to 12.17 levels in the previous trading session.

Tata Technologies listed at a premium of 140% (up Rs 700) on the exchanges on Thursday. The stock debuted at Rs 1200 on NSE and BSE as against an issue price of Rs 500. Ahead of the listing, the shares commanded a premium of Rs 406 in the unlisted market. Listing gains aside, analysts are quite bullish on the company even from a long-term perspective. «The company's global presence and expertise in engineering solutions have positioned it as a preferred partner for multinational corporations across diverse industries.

Hindustan Copper and Manappuram Finance while Balrampur Chini, Bharat Heavy Electricals (BHEL), Granules India, and Indiabulls Housing Finance have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. MWPL for Hindustan Copper stood at 96.5% on Wednesday with OI reported by Trendlyne at 9.2 million.

Tata Technologies Ltd., the first company from the salt-to-software conglomerate to list since 2004, begin trading on Thursday. Tata Technologies’ IPO raised Rs 30.4 billion ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled into the engineering unit of luxury carmaker Jaguar Land Rover’s owner Tata Motors Ltd. The sale comes as India logs a record number of listings in 2023, fueled by a booming stock market and optimism about the country’s economic growth. The frenzy reached a fever pitch last week when first-time share sales from five issuers, including Tata Technologies, garnered a combined 2.5 trillion rupees in application amount. “Strong optimism in the domestic market has fueled the surge in IPO listings in the last two years,” Jahnavi Prabhakar, an economist at Bank of Baroda wrote in a note on Wednesday. “A large number of IPOs have been listed at a premium, making this a win-win situation for investors.” While the 205 IPOs in India so far in 2023 have mostly been small — only two raised more than $500 million — about 80% of the newcomers are trading above their offer prices versus 62% in Asia. Indian Renewable Energy Development Agency Ltd., a state-run lender to renewable energy projects, surged 88% in its trading debut Wednesday.

Sensex rallied 727 points and Nifty closed above the 20,000 mark on Wednesday driven by buying in select heavyweights. Stocks that were in focus included names like Zomato, which rose 3.43%, Aster DM Healthcare, which jumped 18.14%, and Siemens, whose shares increased 1.03% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Zomato — Bullish The stock has retested the breakout zone between 113 and 115, forming a bullish pin bar at its support. With the overall structure looking positive and the stock consistently following a pattern of higher highs and higher lows, it appears poised to reach a target of 126 and 130, with a stop loss set at 110. Aster DM Healthcare — Bullish The stock has experienced a strong breakout above its significant resistance level at 371. Additionally, it has broken out above the upper band of its parallel channel, accompanied by a sharp spike in volumes. The overall momentum appears highly favorable for an upward move towards 450 and 475, with a suggested stop loss just below 350. Siemens — Bearish The stock has touched a critical resistance level of 3675 in today's trading session.

Tata Technologies Share Price Live Updates: Shares of Tata Technologies are all set to debut on stock exchanges BSE and NSE at 10:00 am today after receiving an overwhelming response from investors during its three-day subscription period last week. Tata Group's first initial public offering (IPO) in almost 20 years was subscribed over 69 times by the final day of bidding.