Tata Motors: Stock Price Update
The share of Tata Motors are currently trading at Rs 415, up by more than 4% over its discovered price of Rs 395.
Photo: NDTV Profit
Photo: NDTV Profit
Tata Motors Demerger: When Will CV Entity List?
If your portfolio is not showing shares of Tata Motors' Commercial Vehicle shares, that is because the stock has not yet been listed on the bourses.
Listing of a demerged entity usually takes a few weeks to list on the bourses.
According to an exchange filing on Oct. 9, Tata Motors has said that the listing of the commercial vehicle arm, which will be renamed Tata Motors Limited. could take as long as 60 days, with the company eyeing a mid-November timeline.
Tata Motors Shares In Portfolio May Show Drop, Don't Panic!
It is quite possible that Tata Motors shares on your portfolio might show a 40% drop. There is no absolutely no reason to panic, as this is the updated price of the Tata Motors Passenger Vehicle stock. The Tata Motors consolidated stock, as we used to know it, ceases to exist.
You will be compensated with an equal amount of Tata Motors Commercial Vehicle shares, as and when it lists on the bourses.
Tata Motors PV Share Price: First Ten Minutes
It has been ten minutes since the price discovery of Tata Motors' ex-CV entity. After re-starting trade at around Rs 396, the stock is currently trading flat at Rs 392 on the NSE.
Photo: NDTV Profit
Photo: NDTV Profit
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Tata Motors Passenger Vehicle Share Price Revealed
Final price discovery on the Tata Motors' ex-CV entity has been made, with the stock re-starting trade at around Rs 395 on the NSE against the last traded price of Rs 660. The stock is trading at Rs 387 on the BSE.
Tata Motors Demerger: Is The Stock Garnering A Premium?
Early price discovery of Rs 400 on the NSE suggests Tata Motors' ex-CV entity might be garnering quite the premium, at least against what brokerages had suggested heading into the special pre-open trading session.
Tata Motors Demerger: Stock Priced At Rs 400!
Early trends see Tata Motors trading in the range of Rs 400 on the NSE. Investors must note that this is not the final price of the ex-CV entity and is subject to change during the course of the special pre-open session.
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Tata Motors Demerger: Most Tata Cos Gain In Trade
Most Tata Group companies are gaining in trade today ,with Tata Investment, in particular, surging on the back of a stock split.
This comes on the back of recent developments at Tata Sons, with the Tata Trusts deciding the extend the tenure of Chairman N Chandrasekaran.
Photo: NDTV Profit
Photo: NDTV Profit
Tata Motors Demerger: When Will The Stock Move?
Shares of Tata Motors are currently going through a price discovery process, taking place in a special trading pre-open trading session on both NSE and BSE.
The price discovery will be made at around 10 a.m, when Tata Motors ex-CV entity will start trading .
Tata Motors Demerger Live: Zerodha's Update
Tata Motors Demerger Live: Special Pre-Open Session
Trading in Tata Motors equity and F&O will begin at 10 AM, only after the price discovery process that will take place during the special pre-open session from 9 a.m. to 10 a.m.
Tata Motors Target Price Live: Nomura On Tata Motors
Retain 'Neutral' with target price of Rs 732
Estimate PV Business value at Rs. 365 per share, CV at Rs. 367
Premiumization trend is evident with surge in bookings in micro and compact SUVs
Mgmt maintains double digit margin target in medium term
JLR's guidance of 5-7% EBIT Margins might have downside risk
CV Business Guidance stands at 5.4%- 7.5% EBIT Margins between FY24
Tata Motors Demerger Live: When Will Tata Motors CV Entity List?
Listing of a demerged entity usually takes a few weeks to list on the bourses.
According to an exchange filing on Oct. 9, Tata Motors has said that the listing of the commercial vehicle arm, which will be renamed Tata Motors Limited. could take as long as 60 days, with the company eyeing a mid-November timeline.
Interesting Time For A Demerger
The Tata Motors demerger comes at a time when the company's Jaguar Land Rover arm is facing one problem after another.
Earlier this year, JLR was hit by Trump tariffs on the UK-made vehicles, which was followed by a cyberattack in recent weeks that forced the company to shut down factories worldwide, even requiring an emergency government bailout. Last week, JLR restarted production at some sites.
Tata Motors Share Performance
Heading into the record date, Tata Motors shares have been under immense pressure, falling more than 6% in the last five trading sessions.
In the last 11 trading sessions, the stock has fallen on eight occasions, including a 2.2% correction on Monday.
Tata Motors Demerger Live: Explaining The 1:1 Share Swap Ratio
Retail investors must note that the share-swap ratio is 1:1, which means that if you currently hold one fully paid Tata Motors share, you will automatically receive one share of the new commercial vehicle company — to be named Tata Motors Limited.
The existing Tata Motors share will continue to represent the passenger vehicle company, which will be renamed Tata Motors Passenger Vehicle Limited.
Simply put, Iif you own 100 shares of Tata Motors on the record date, here's what you will receive as a retail investor.
100 shares of the passenger vehicle company (your existing holding, renamed).
100 shares of the newly listed commercial vehicle company (renamed as Tata Motors Limited).
Tata Motors Demerger Live: What Could Be The Indicative Share Price?
Valuations for both commercial vehicles and passenger vehicle verticals trade at similar levels. Most brokerages value CV and PV Business at 10-13x EV/EBITDA, while JLR Business at 1.7-2x EV/ EBITDA, much lower than historical averages. Jaguar Land Rover business has seen heightened uncertainty led by cyberattacks, tariffs, etc.
Based on current multiples and historical averages, the CV business could be demerged at around Rs. 312 per share.
This is based on the vertical’s FY25 EBITDA of Rs. 8,841 crore and assumption of 13x EV/ EBITDA multiple. This value per share could be reduced from Oct. 15 since the CV business will be demerged.
Together the price of current listed entity, which will be renamed Tata Motors Passenger Vehicles Ltd, could be around Rs. 356 versus the current market price of Rs. 670.
Tata Motors Demerger Live: The D(emerger) Day Is Here
Good morning and welcome to our live coverage of Tata Motors’ long-awaited demerger day.
The auto company's shares are set to trade ex-commercial vehicle (CV) business from today and a special pre-open trading session has been scheduled between 9 a.m. to 10 a.m.
We’ll bring you minute-by-minute updates on the special trading session, market reaction, and what the price discovery means for investors
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