TATA Group on a roll, rally up to 20%; here’s why

Do you know that TATA Group has earned more than 18000cr in the past 15 days stock rally which equals to the bid they placed fo Air India possession.

TATA Group stock Tata Motors DVR shares were locked at the 20 percent upper circuit, and Tata Motors surged nearly 20 percent in trade on the NSE.

TATA Group

TATA Group shares whether Tata Motors, DVR (Differential Voting Rights), Tata Power, Tata Chemicals, and Tata Investment Corporation all the stocks were rallying between 10 percent to 20 percent on the NSE on the back of heavy volumes after news came that tata motors will raise Rs 75k crore ($1 billion) for its electric vehicle business from TPG Rise Climate up to $9.1 billion valuations.

Nelco, Tata Coffee, Rallis India, Tata Communications, Trent, Tata Consumer Products, Titan Company, Tata Metaliks, Tata Steel, Timken, and Indian Hotels were up from 3 percent to 5 percent on the NSE. In comparison, the S&P BSE Sensex was up 0.54 percent at 60,612 points.

It may be noted that the Tata Motors stock was trading at its highest level since April 2018 as multiple brokerages remain optimistic about the company’s future outlook.

Brokerage firms like Morgan Stanley have upgraded Tata Motor’s rating and raised the target price to Rs 448 from Rs 298 earlier. The foreign brokerage firm said it expects the company’s Indian business to perform well.

While Tata Motors’ Jaguar Land Rover (JLR) business is witnessing a cyclical recovery, supply-side issues could delay the process, said the brokerage. However, it suggested that the company’s India business would continue to recover faster.

On the green energy front, Tata Power is making aggressive forays. Along with its subsidiaries, Tata Power has installed/managed capacity of over 13 GW of solar power capacity. The sharp bias in favor of green energy got a sudden fillip in the last one month when the coal shortage created a crisis of sorts for the thermal power sector.

Currently, its solar order book is worth Rs.9,264 crore and that is helping valuations in a big way. The price action in Tata Motors and Tata Powers clearly highlights their green shift.

For more updates visit our Articles Section.

Aditya Birla Capital Sun Life AMC IPO: Check allotment status,GMP:

Aditya Birla Capital Sun Life asset management company’s IPO is 2768.26 Crore IPO and was subscribed 5.25 times.

The allotment was finalized on 6th October 2021. In the primary market, the shares were seen weak and in grey market the shares were available at the discount of Rs 2 over the IPO price of Rs 712 per share.

The refund or unblocking of the amount from ASBA account will initiate today. The equity shares will be deposited in the Demat account on 8th October 2021.

Aditya Birla Capital Sun Life

The equity shares will be listed on 11th October. The IPO investors can verify the IPO status on Registrar website and BSE website.

KFin technologies pvt ltd is the registrar to issue the IPO allotment and refund responsibilities .

Aditya Birla Capital Sunlife AMC received moderate response. The listing will not be the talk of the town.

The Ipo investors can check the IPO allotment status on BSE website here:

Investors can check the allotment status on KFin Technologies website under the IPO Status section.

You have to select the issue type as ‘equity’, and ‘Aditya Birla Capital Sun Life AMC’ from the drop-down list. Enter application number and PAN. In the last step, click on the search tab to view the status details.

For more IPO reviews please refer IPO section of Future Stakes.

 (Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)

Why Paras Defence and Space Technologies is subscribed 42.37x

Paras Defence and Space Technologies initial public offering has seen an irresistible response from investors on day one of the bid itself on Sep 21.

On day one Paras Defence and Space Technologies was nearly oversubscribed by more than 16 times and got bids for 11.82 crores equity shares against the offered size of 71.40 lakh shares. More than Rs 2,000 crore bids were placed which is massively higher than the IPO size of Rs 170.77 crores released by the company.

Paras IPO

The overwhelming response from retail investors was quite brawny as the reserved segment was subscribed 31.36 times, and non-institutional investors subscribed 3.77 times, while the fragment for eligible institutional investors has subscribed 1%.

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Sansera Engineering IPO Review 2021 – IPO Date, Offer Price & Details!

Sansera Engineering IPO Review 2021: Sansera Engineering will be the third major IPO to hit the markets this month. The IPO will be open from September 14th to September 16th. They aim to raise Rs 1,282.98 crores through a public offering.

In this article, we look into important information on the Sansera Engineering IPO and find out the possible prospects of the company. Keep reading!

About the Company 

Founded in 1981. Sansera Engineering is a well known engineering-led integrated manufacturer of complex and critical precision engineered components. Its products cater to the automotive and the non-automotive sectors. 

The company produces a wide range of products that are critical for two-wheelers, passenger vehicles, and commercial vehicle manufacturing. These products include connecting rods, rocker arms, etc for 2W, PV and CV verticals.

When it comes to connecting rods Sansera is one of the top suppliers globally. The non-automotive segment manufactures a wide range of precision equipment across various segments like aerospace, off-road, agriculture, etc.

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