Tata Motors is seeing a good volume traction; the stock price opened over 1% higher at Rs.436.10, rising to an intraday high at Rs.443.80, up over 3%.
There is unconfirmed news that its subsidiary Tata Technologies, a global product engineering and digital services company, has initiated preliminary steps to evaluate an IPO.
Tata Motors holds 74% stake in Tata Technologies.
If one may recollect, earlier it there were IPO plans from Tata Autocomp Systems, which was shelved in 201.
News is also making the rounds that Tata Sky (Tata Play) is also weighing a listing.