Tata Motors shares boomed after the news of Tata Technologies IPO came
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Stock running because of this
Explain that Tata Motors has a major stake in Tata Technologies. According to the DRHP papers, when Tata Motors invested in Tata Technologies, the share price was Rs 7.40. It has increased to Rs 850 in the unlisted market. Investors expect Tata Motors to reduce its stake through this IPO. This will improve the balance sheet of Tata Motors. Due to this, a stormy boom is being seen in the shares of Tata Motors.
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Investors are hopeful that the shares of Tata Motors may see further gains in the coming times. Heavy buying of investors is being seen in this stock. The stock is looking strong on the technical charts as well. At the same time, experts have also given a buy rating on Tata Motors shares. According to experts, Tata Motors shares are witnessing good volumes. There can be a big jump in this even further. However, before investing in any stock, you must talk to your financial advisor once.
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