Recently, everyone on Dalal Street noticed the impressive growth of Tata Motors Share Price. As per the reports, Tata Motors Share price has surged more than 30% since the announcement and filing of DRHP of Tata Technologies IPO. It is a good sign that everyone is willing to subscribe to this upcoming initial public offer by Tata Group. People have quoted that price of tata motors shares hit Rs 562 is a 30% rise in price. Here is the complete detail with all the other information as well.
Why Tata Motors Share Price Surging?
Tata Motors is a well-known car manufacturing company in India and they have a huge turnover. There are many people who invest their money in this share because they have faith and trust in the company and its continued growth. The consistently high rate of returns is one of the reasons behind its popularity.
Some of the stock market players said Tata Technologies IPO contains the shareholding of Tata Motors. So, during this IPO company going to sale its shares to the public. As per the details, it is a 100 percent offer for sale (OFS). They said that Tata Motors had acquired Tata Technologies shares at a price of ₹7.40 apiece (as mentioned in the DRHP).
So, now discussing the conclusion that why Tata Motors’ share is surging. after the analysis we want to tell you the recent surge in the price was the market expectation. Currently, because of the OFS in Tata Technologies shared by Tata Motors, investors expect monetary benefits for the company.
Now, after reading some much-expected targets by experts, we can expect a good surge in the share price in the upcoming days also. The price of Tata Motors’ share may go up to Rs 615 level and hold a good momentum till the launch date. The IPO details have been released by the company and you can check the info on the internet. This IPO will be launched on 9th March 2023. If you want to subscribe to this initial public offer then you need to have a demat account. If you have any queries write your comment below the post.