 "Tata Motors")
A month ago, the National Stock Exchange (NSE) had announced that it would remove Tata Motors’ Differential Voting Rights (DVRs) shares from the benchmark Nifty index. Since then, the DVR has underperformed the ordinary shares by a huge margin of 730 basis points.
While shares of Tata Motors have gained 6 per cent, its DVR is down 1.4 per cent. The underperformance is likely to continue as the exclusion came into effect on Friday.
“The weakness in the scrip after the announcement was on account of speculative trading. Now that the actual exclusion has happened, there could
While shares of Tata Motors have gained 6 per cent, its DVR is down 1.4 per cent. The underperformance is likely to continue as the exclusion came into effect on Friday.
“The weakness in the scrip after the announcement was on account of speculative trading. Now that the actual exclusion has happened, there could
