@ipo share When TCS IPO came it came at a PE of 11~
And it came at an immature state , Immature means that the full growth potential was untouched and the company grew by 40-80% for next 4-5 years post listing.
Now See Tata Tech , Commanding a PE of 80 post listing and a M.cap of 50k cr .
Now you should only think and tell that how Tata Tech can repeat TCS .
For Tata Tech crossing a M.cap of 1lk cr is only possible when it's PAT Ideally crosses 1800 cr which is mathematically possible in H2 FY 27 .
About Tata Elxci and Tata Tech Merger ,
It's completely NONSENSE and not possible In Atleast Next 3-5 yrs .
The Businesses are very Different , Different Sectors , And No Synergy between them
About Price Moment , I am expecting Tata Tech coming at 1050~ then consolidating there and behaving like a very Stable stock and Further Movement if Q3 results or Q4 results are above Good
Seeing the past trends of last 3 yrs
If They earn a PAT of Rs.100
35-45 is earned in H1
55-65 is earned in H2
So I mean they should Ideally close FY 24 at a PAT of approx. 880-920 cr
But if they posy 1000 cr PAT , Then Falir value jumps to 1350 per share , So from 1000-1050 levels a 30% upside seems possible
But No Buying Recommendation from my part
Hope you're satisfied
# Happy investing