TIWN
Mumbai, Nov 17 (TIWN) Automobile major Tata Motors' parent co's as well as DVR stocks are expected to make healthy gains on the back of Centre's push towards electric vehicle-led economy and supporting macro-economic factors.
"Fundamentally we believe steam is still left for Tata Motors DVR and we might see more traction and upside in Tata Motors DVR. I expect more upside in Tata Motors DVR (Differential Voting Rights) compared to Tata Motors as it is available at attractive price and favorable valuations comparatively," said Harsh Patidar, Senior Research Analyst at CapitalVia Global Research. "Tata Motors DVR touched 4 year high and closed at 290.25 on Tuesday from a record low of 28.80 in March 2020 which is close to 10 times." At 1 p.m, the Tata Motors DVR stocks traded at 294.55 rupees, up 1.5 per cent, and the Tata Motors parent company's shares traded at 533 rupees a share, up 2.7 per cent.
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