Tata Motors rises after CLSA revises target and Tata Tech IPO gets fully subscribed
Tata Motors was trading higher by 0.18 per cent, or Rs 1.25, at Rs 682.20, at 10:42 am after hitting the day's high of Rs 687.55. The stock's 52-week high is Rs 687.55, it hit on Friday (November 17).
)
Tata Motors Share Price: Tata Motors shares were trading in positive territory on BSE on Wednesday (November 22) after CLSA revised its target for the company, and on a day, when Tata Tech's IPO, the first from a TATA Group company in 19 years, was fully subscribed.
Tata Motors was trading higher by 0.18 per cent, or Rs 1.25, at Rs 682.20, at 10:42 am after hitting the day's high of Rs 687.55. The stock's 52-week high is Rs 687.55 it hit on Friday (November 17).
CLSA revises target
Brokerage CLSA has revised its target for Tata Motors share price to Rs 841 from Rs 803. It has also maintained a 'buy' call on the company.
Tata Tech's IPO Fully Subscribed
Tata Tech was fully subscribed wthin 40 minutes of the bidding process on Wednesday morning.
As of 10:36 am, the IPO had received bids for 4.9 crore shares as against the 4.5 crore shares on offer, a subscription of 1.1 times, according to provisional exchange data.
Tata Tech is the first Tata Group company to issue an IPO after Tata Consultancy Services in 2004.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
11:14 AM IST
Tata Motors Q2 Results: Net profit declines over 11%, revenue slips 3.5% 
Tata Motors Q2 Results Preview: PAT may climb 32% despite muted volume growth across segments
Tata Motors bags 1,000 bus deal in UP; shares off intraday low
Worst day for Tata Motors investors in more than a month as UBS target implies 20% downside