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 rises after CLSA revises target and Tata Tech IPO gets fully subscribed
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. Photo: PTI/Representational

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.

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Written By: Shaghil Bilali
Updated: Wed, Nov 22, 2023
11:14 AM IST
New Delhi, ZeeBiz WebDesk
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