Tata Tech share price tanks nearly 5% in early trade even as Nifty 50, Sensex hit a high
Tata Tech share price is falling today for the second session in a row as it fell to close at ₹1,220 on December 1. Tata Tech share price so far has touched an intraday high of ₹1,244.6 and an intraday low of ₹1,151.
Tata Technologies is a subsidiary of automobile major Tata Motors and is a pure-play manufacturing-focused Engineering Research & Development (ER&D) company, primarily focused on the automotive industry. Tata Technologies share price had a blockbuster listing on November 30 but the stock has failed to sustain the gains since then.
On Thursday, November 30, Tata Tech share price ended at ₹1,313 on NSE, a 162.6% premium to the IPO price of ₹500, and at ₹1,314.25 on BSE, a 162.85% premium. It listed at ₹1,200 on the NSE and BSE, a premium of 140% to the IPO price of ₹500, and hit an intra-day high of ₹1,400 (180% premium).
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