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A total of 839 shares changed hands on the counter till 01:39PM (IST).

Tata Tech IPO offer gives investors an opportunity to invest in a leading global engineering services company with deep expertise in the automation industry focused on engineering research and development, Prashanth Tapse, Research Analyst, Senior Vice President Research at Mehta Equities said.

As of 30-Sep-2023, promoters held 68.66 per cent stake in the company, while FIIs held 8.11 per cent and domestic institutional investors had 7.23 per cent.

The stock traded at a P/E multiple of 30.62, while the price-to-book value ratio stood at 4.37.

“I would stick with L&T, ABB, and Cummins. These three are the best among the capex stocks. There the managements have indicated that they are on the roll. They do not need capital as such and I think that these are the bellwethers you should own to ride this market.”

The Nikkei index fell 0.59% to close at 33,388.03, after rising earlier to its highest level since March 1990.

A total of 56,373 shares changed hands on the counter till 12:58PM (IST)

“The old companies need to be given out of your portfolio. It is like your old wardrobe, you need to take out your old clothes out of your wardrobe, do not take out your old men out of their homes, but at least the wardrobe out of the homes and substitute with the new latest ones, that is what the portfolio is all about.”

On the technical charts, the RSI of the stock stood at 53.61.

The stock quoted a 52-week high price of Rs 932.35 and a 52-week low of Rs 690.9.