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Tata Technologies stock soars after smashing debut, valued at $6.4 billion



Shares of India’s Tata Technologies settled nearly three-fold higher on their trading debut on Thursday, valuing the first Tata Group company to go public in nearly two decades at 532.64 billion rupees ($6.4 billion). The Tata Motors’ unit, which provides engineering and technology services to auto, aero and heavy machinery makers, beat the valuation of its peers like KPIT Technologies and L&T Technology Services.

Tata Technologies’ listing-day gains were also among the best since 2021-end, according to LSEG data and analysts.

This article is published by Business Standard

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