Tata Tech makes debut with 163% premium

New Delhi: Shares of Tata Technologies, an arm of Tata Motors, made a dream stock market debut on Thursday and ended with a huge premium of nearly 163 per cent, against the issue price of Rs500.

The company’s market valuation stood at Rs53,314.99 crore. The stock of the company, which provides engineering and product development digital services, was listed at Rs1,199.95, registering a sharp jump of 139.99 per cent from the issue price on the BSE.

During the day, it zoomed 180 per cent to Rs1,400. Shares of the company ended at Rs 1,314.25 apiece, rallying 162.85 per cent. On the NSE, it began the trade at Rs1,200, climbing 140 per cent.