If I got a blank check, I will go and buy Reliance Industries: Sudip Bandyopadhyay

economictimes.indiatimes.com:

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says both the dominant segments where Tata Technology is involved are supposed to be exploding at this stage. Tata Technology will benefit from a credible management, fantastic track record, and a great parentage. The valuation at which it is coming is also very reasonable compared with its peers.

The Tata Tech IPO will open on November 22 after a hiatus of almost 18 to 19 years from the Tata stable. The IPO price band has been decided at Rs. 475-500. Despite that, the implied valuation turns out to be around Rs 20,000 odd crore. Tata Tech's valuations are around 25 to 30 times forward earnings and that compares with an L&T Tech which is upwards of 35 times. KPIT Tech which is trading at 60 times forward earnings. Tata Elxsi is close to 65-70 times. What is your view on Tata Tech?
Well, I am extremely positive.

This is, as you rightly said, this IPO is coming from the Tata stable after a gap of about 20 years. Forgetting the history, look at what the company is focused on. The company is focused on two of the most exciting trends at this stage.

One is transition from internal combustion to electric, that is as far as the automotive part is concerned and also going forward, self-driving cars. Plus transition, they are very much a part of all the major automobile companies. And that is one area which everybody is talking about.

This is the biggest thing which is happening in the automobile sector. So, obviously, they are going to benefit out of this transition. And they are already working with companies like, of course, Tata Motors.