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Tata Tech soars 163%, registers highest listing gain in two years



Tata Technologies, the first Tata group company to list in almost two decades, opened with a 140% gain at ₹1,199.95 before rising further, reflecting strong demand despite the rich valuations of 85 times trailing price to earnings multiple against 32.53 times prior to the listing. It was the second-most traded stock on National Stock Exchange of India (NSE), with a trading volume of ₹6,114.07 crore.

Despite the lofty valuations, investors queued up to buy the stock on the secondary market, with delivery volumes at 46% on NSE and 45% on BSE

This article is published by Mint

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