Tata Motors stock in focus as Tata Technologies IPO files addendum for DRHP. Shares dip
Tata Motors shares may go up to ₹680 apiece levels in near term as auto stock will be in focus after
Stock in focus: Tata Motors shares will be in focus when Indian stock market opens today as its subsidiary Tata Technologies Limited has filed addendum for its DRHP(Draft Red Herring Prospectus). As Tata Motors limited will be offloading its shareholding in this most awaited Tata Technologies IPO (Initial Public offering), Indian auto major is expected to benefit from this upcoming IPO. As Tata Technologies IPO is OFS (offer for sale) in nature, its net proceeds are expected to benefit balance sheet of Tata Motors Limited.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started