Last week, rating agency Moody's had upgraded the outlook on TML from "negative" to "stable" due to continued recovery in the firm's consolidated revenue and profitability
According to a Business Standard report, Tata Motors DVR, Intellect Design and SKF India could be added to the MSCI Smallcap index after the index provider does its semi-annual review
Other notable high impact potential additions include the likes of Asahi India Glass, Elgi Equipments, Solar Industries, Shriram City Union, Grindwell Norton, GSFC, Route Mobile and Sheela Foam
Tata Motors is eyeing "near-zero" debt in the next three years as it looks to significantly deleverage its business, reduce expenses and put the leash on non-core investments
As of June 30, 2020, Tata Sons held 5.26 per cent stake in Tata Motors DVR
The median loss for such securities after the Budget is 4.5 per cent, compared to a 2.1 per cent gain in the benchmark S&P BSE Sensex
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While shares of Tata Motors have gained 6 per cent, its DVR is down 1.4 per cent
The price differential between ordinary shares of Tata Motors and the ones with differential voting rights, or DVRs, is most in nearly two years. On Wednesday, shares of the automaker closed at Rs 469.5, 41.2 per cent higher than the DVRs which quoted at Rs 276.2. Since their issuance in 2008, the DVRs have always traded at a discount to the ordinary shares, however, the premium has widened from 20 per cent last January to current level of around 41 per cent. Interestingly, investors have shunned the DVRs despite stock exchanges allowing them to be part of indices. In April 2016, the National Stock Exchange (NSE) added Tata Motors DVR to its flagship Nifty 50 index. With effect from June 19, the DVRs will also be part of the benchmark Sensex index. Inclusion to the premier Sensex and Nifty indices is considered to be auspicious for a stock as it results in higher investments, particularly exchange-traded funds (ETFs). This has not been the case with the DVR. Since April 2016, while ...
Nano's production though continues unhindered despite mounting losses.
Out of BSE500 stocks 63 stocks outperformed the market by gaining more than 10% during the month of May.
Financial shares were the top losers along with FMCG shares