Tata Technologies is poised to be India's biggest IPO. Photo: PA/Alamy (David Warren)

Tata Technologies (TATATECH.NS)

Tata Technologies made a blockbuster entry on the stock market as the stock surged up to 180% in the first day of trading.

The Tata Motors' unit is the first company from the group to go public in nearly two decades and the IPO is valuing it at 567.94 billion rupees (£5.36bn/$6.8bn).

The stock listed at Rs 1,200 apiece on India’s National Stock Exchange and Rs 1,199 per share on the Bombay Stock Exchange (BSE), a premium of 140% over its IPO price. The stock jumped as much as 180% to Rs 1,400 in early trading before paring gains to trade over 160% higher than the IPO price at Rs 1,311.50.

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Tata Technologies' "listing was beyond imagination... and post that, the rally to 1,400 rupees was even more unexpected," Arun Kejriwal, founder of Kejriwal Research and Investment Services, told Reuters. If the gains hold, Tata Technologies will be the best IPO debut ever recorded in India.

The company is a global engineering services provider that specializes in product development and digital solutions for original equipment manufacturers, with clients across industries such as aerospace, transportation, and construction heavy machinery.

ASML (ASML)

Shares in chipmaking equipment manufacturer ASML were higher in extended trading after news that CEO Peter Wennink was stepping down.

ASML, the most valuable technology company in Europe, will name Christophe Fouquet as chief executive officer and president next April.

Martin van den Brink, ASML’s technology chief and co-president alongside Wennink, will also retire next spring.

Fouquet, who has been with ASML for 15 years and is currently chief business officer, has previously overseen its extreme ultraviolet (EUV) product lines, which now account for about half of the company's sales.

“I am very pleased that we have been able to secure such a strong successor to lead ASML,” Wennink said, also referring to Fouquet’s years of experience with the company.



“We share the ‘ASML DNA’ of collaboration and partnership. I will work closely with Christophe to ensure he has the best possible start in his new position.”

Shares in ASML have climbed about 14% per cent in the past year to value the Dutch company at around £215bn.

Tesla (TSLA)

Tesla shares were higher in extended trading ahead of the first deliveries of its Cybertruck.

The electric car maker is due to host an event at its Austin, Texas headquarters this evening, starting at 2:00 pm local time.

"Cybertruck is one of those special products that comes along only once in a long while,” Tesla boss Elon Musk said last month.

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The company has said very little about the specification of the production-ready Cybertruck. However, the flagship model is now expected to be priced at around $100,000, higher than the announced entry-level $39,900.

The Cybertruck is characterised by its futuristic looks, with a stainless-steel exterior and armoured glass.

Dr Martens (DOCS.L)

Dr Martens’ shares plunged after the footwear firm warned that earnings for the year are set to miss expectations amid another slump in sales.

The boot maker revealed that sales fell by 5% to £395.8m in the six months to September 30, as it was hampered by particularly challenging trading in the US.

The company said pre-tax profits were down 55% to £25.8m and would take a hit of about £5m over the year.

Chief executive Kenny Wilson said: “We are undoubtedly facing some more challenging headwinds in the US, but we are continuing to invest in the business, we continue to have faith in our iconic brand, and we continue to believe in the long-term growth potential of the business.”

Watch: Tesla Cybertruck: Top 4 things investors need to knowTSLA) Cybertruck delivery event is scheduled to take place on Thursday, November 30.

Ahead of the EV giant's first new vehicle in almost four years, here is everything you need to know.

1. Price (00:00:18)
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A starting price of $40,000 was announced back in 2019, with two higher-performance models that would cost $49,900 and $59,900. 

However, those prices vanished from the Cybertruck website in 2021, and an official price has been difficult to find.

Tom Narayan, RBC Capital Markets Lead Equity Analyst of Global Autos, shared his thoughts on Tesla CEO Elon Musk and Cybertruck pricing. Narayan said, \"His goal is to make it affordable ... it's going to be challenging to make this profitable given how technologically advanced it is.\"
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2. Demand (00:00:51)
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Tesla received over 250,000 reservations for the Cybertruck within a week of its unveiling. 

The Cybertruck currently has over 1.5 million existing reservations.

Tasha Keeney, ARK Invest Director of Investment Analysis & Institutional Strategies, remained optimistic regarding the demand for the Cybertruck. Keeney said, \"Some people think this will be a niche vehicle platform. I don't think so ... I'd see more trouble for Ford (F) ahead as Cybertruck production rolls out.\"
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3. Tech Specs (00:01:19)
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Some specs were highly publicized like shatter-resistant glass and a stainless steel exterior.

Cybertruck allegedly has a towing capacity of 11,000 pounds – more than 1,000 pounds more than Ford's F-150 Lightning – and 2,500 pounds of payload capacity.

The Cybertruck's frunk – the nickname given to the extra storage space in the front of EVs where an engine would go – appears to be smaller than the F-150 Lightning.

4. Production (00:01:49)
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Tesla CEO Elon Musk said during an October third-quarter earnings call that \"we dug our own grave on the Cybertruck,\" warning that the production has been an enormous challenge. 

Tesla plans to deliver only 10 Cybertrucks during its event on Thursday.

David Undercoffler, Autolist Editor-in-Chief, had questions about how the Cybertruck would fare in the current market. Undercoffler said, \"I would be very surprised if the actual Cybertruck hit the road in the next year to 18 months and it had a starting price of anything lower than $60,000. That is an expensive proposition right out of the gate\"
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Video highlights:
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00:00:37 - Tom Narayan, RBC Capital Markets Lead Equity Analyst of Global Autos
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00:01:05 - Tasha Keeney, ARK Invest Director of Investment Analysis & Institutional Strategies
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