Tata Technologies shares rose over 6% post joint venture with BMW to develop automotive software hubs. Warren Harris, CEO and MD, highlights commitment to digital engineering solutions for BMW, propelling digital transformation.
Tata Technologies made its debut at Dalal Street on Thursday as the Tata Group-led firm was listed at Rs 1,200 per shares, a premium of 140 per cent over its issue price at Rs 500.
At a 140% premium over the issue price of Rs 500, Tata Technologies listing price of Rs 1,200 beat Street s estimates. While the stock was expected to double on the listing, it went far beyond, hitting the day s high of Rs 1,400 on the NSE or a 180% uptick over the upper IPO price band.