Tata Technologies makes a stellar debut on bourses, fetches massive premium of 163%

The shares of Tata Technologies made a stellar debut on the bourses — fetching a massive premium of 163 per cent to the issue price of Rs 500.

The company listed at Rs 1,199.95 on the BSE, a premium of nearly 140 per cent to the issue price. It spiked to a day’s high of Rs 1,400, a gain of 180 per cent. The scrip settled at Rs 1,314.25, rallying 162.85 per cent.

On the NSE, Tata Technologies opened with a 140 per cent premium at Rs 1,200. The stock jumped to Rs 1,400 and ended at Rs 1,313, a premium of 162.6 per cent.