Tata Motors Commercial Vehicles shares to list today. What should investors expect?
Shares of Tata Motors Commercial Vehicles Ltd (TMLCV), the newly demerged commercial vehicle arm of Tata Motors, debut on the BSE and NSE on Wednesday, in one of the most closely watched listings this year. Investors are preparing for the market to determine the standalone value of India’s largest truck and bus maker for the first time.
Tata Motors shareholders received one share of TMLCV for every Tata Motors share held, with October 14 as the record date for the demerger. Based on Tata Motors’ pre-demerger price of Rs 660.75 and the opening level of its passenger vehicle arm near Rs 400, the implied value for TMLCV stands at around Rs 260-270 per share.
Listing expectations and near-term volatility
According to Harshal Dasani,…
