Tenneco Clean Air India Shares Trade Below IPO Price; Is This a Golden Buying Opportunity For Investors?
India, Nov. 9 -- Shares of a Small-cap firm specialising in emissions control, clean air systems, powertrain components, and ride performance solutions are in focus after Citi's target coverage, with upside potential of 55 percent.
With a market capitalisation of Rs. 17,128 crores in the day's trade, Tenneco Clean Air India Ltd shares fell 3.3 per cent to Rs. 425 per share, down from Rs. 439.20 at the previous close. The shares are trading at a discount of 15 percent from their listing price of Rs. 505.
What HappenedTenneco Clean Air India Ltd shares are in the spotlight after global brokerage firm Citi maintained its 'Buy' rating on the stock and hiked its target price to Rs. 680 from Rs. 650, implying an upside potential of nearly 55...
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