Latest news

China using factories in USA to spy? $2.6 million land deal near Air Force drone base sparks worry

China using factories in USA to spy? $2.6 million land deal near Air Force drone base sparks worry

Taliban founder Mullah Umar's car dug up after 21 years. See pictures

Taliban founder Mullah Umar's car dug up after 21 years. See pictures

Father-daughter duo fly in the same formation, a first in Indian Air Force history

Father-daughter duo fly in the same formation, a first in Indian Air Force history

SportShala: Top 5 reasons why India lost the Edgbaston Test vs England

SportShala: Top 5 reasons why India lost the Edgbaston Test vs England

India vs England: Fourth innings blues haunt Indian bowlers yet again

India vs England: Fourth innings blues haunt Indian bowlers yet again

Tatva Chintan lists at double the issue price; is it worth buying now?

At the current price, shares of Tatva Chintan has a PE value over 90 times.

The Rs 500-crore Tatva Chintan IPO has seen a blockbuster listing on Thursday with its scrips trading at more than double its issue price.

The IPO, which was offered at a price band of Rs 1,073 to Rs 1,083, was listed with a 90% gain. Tatva Chintan shares moved higher to touch over Rs 2,500 level, minutes after getting listed on the exchanges.

However, with such a stellar listing, concerns about its valuations arise. At the current price, shares of Tatva Chintan has a PE value over 90 times which is against the sector valuation of near 70 times.

Up Next

Tatva Chintan lists at double the issue price; is it worth buying now?

Tatva Chintan lists at double the issue price; is it worth buying now?

Twitter moves Karnataka HC, challenges Centre's takedown orders

Twitter moves Karnataka HC, challenges Centre's takedown orders

₹26,000 crore crypto scam: OneCoin founder had plastic surgery done to evade FBI? | Ruja Ignatova

₹26,000 crore crypto scam: OneCoin founder had plastic surgery done to evade FBI? | Ruja Ignatova

Crackdown on Chinese firms; ED raids 44 locations of Vivo

Crackdown on Chinese firms; ED raids 44 locations of Vivo

SpiceJet: Delhi-Dubai flight lands in Karachi after fuel indicator malfunctions

SpiceJet: Delhi-Dubai flight lands in Karachi after fuel indicator malfunctions

This moving dining table shared by Anand Mahindra is making rounds on internet

This moving dining table shared by Anand Mahindra is making rounds on internet

More videos

Twitter India 'finally' in compliance with govt's new IT rules

Twitter India 'finally' in compliance with govt's new IT rules

Crypto crises in India continues; new TDS rule brings down trading volume

Crypto crises in India continues; new TDS rule brings down trading volume

EV companies under fire, govt sends show cause notice

EV companies under fire, govt sends show cause notice

Dressed as Zomato agent, man sends resume in pastry box. Find out what happened next

Dressed as Zomato agent, man sends resume in pastry box. Find out what happened next

Zurich, world’s 2nd most expensive city: here's the one place that beat it

Zurich, world’s 2nd most expensive city: here's the one place that beat it

Special treatment for Tesla not in India's interest: Ola Chief Bhavish Aggarwal

Special treatment for Tesla not in India's interest: Ola Chief Bhavish Aggarwal

British Army's Twitter, YouTube hacked to promote crypto scam

British Army's Twitter, YouTube hacked to promote crypto scam

Musk makes a comeback! This time with the Pope

Musk makes a comeback! This time with the Pope

Over 8000 flights delayed or cancelled, American airports in complete chaos

Over 8000 flights delayed or cancelled, American airports in complete chaos

On camera: Spicejet flight cabin fills with smoke, flight to return to Delhi

On camera: Spicejet flight cabin fills with smoke, flight to return to Delhi

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.