Tata Capital IPO: Brokerages bullish even as GMP shows mixed trends. Should you subscribe?
Synopsis Brokerages are optimistic about select cement, steel tubes, and battery stocks, projecting double-digit returns for long-term investors. Emkay Global recommends ACC and Ambuja Cement, while Nuvama favors APL Apollo Tubes and Amara Raja Batteries. Axis Securities also suggests Star Cement, with potential upsides ranging from 12% to 28%. Agencies Tata Capital, the flagship financial services arm of the Tata Group, will open its Rs 15,511 crore initial public offering (IPO) for subscriptio...