The year 2024 was nothing short of a rollercoaster for Tata Motors, marked by sharp corrections from the highs and fears of a demand slowdown. But just when it seemed like a year of challenges, the company delivered a master stroke. In a moment no one saw coming, Tata Motors dethroned Maruti Suzuki to become India’s top carmaker for the first time in 40 years.
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The Sat Kartar Shopping IPO allotment status will be available soon, with listing scheduled for January 17, 2024, on the NSE SME. Investors can check the status online through the registrar's website or the NSE website. The IPO's grey market premium stands at +₹60, indicating a likely listing at ₹141, a 74.07% premium over the issue price.
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Shares of Trent rallied 5% on Wednesday, January 15, after domestic brokerage Elara Securities initiated a 'buy' rating on the Tata-owned retail major. The brokerage eyes a potential upside of 38 per cent in the next 13 months at a target price of ₹8,500. Trent, a subsidiary of the Tata Group, is a leading player in India's retail industry and manages well-known brands, Zudio and Westside.
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