The distinctive IPO return is probably not sustainable as valuation is kind of costly
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Highlights
Inventory value touched Rs 1,400; concern value was Rs 500
Itemizing acquire of 140 p.c
Market capitalisation at Rs 53,264 crore, above KPIT, LTTS, Tata Elxsi
Valuation at FY25 PE of 55.5x is pricey now; contemporary funding ought to be prevented
Tata Applied sciences (CMP: Rs 1,311; Market Capitalisation: Rs 53,264 Crore) listed with practically 140 p.c acquire on November 30, reflecting the energy of the continuing bull run within the Indian inventory market. The difficulty dimension was Rs 3042.5 crore at a value of…
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