Tata Motors DVR hits over 3-yr high; gains 12% on the back of heavy volumes

The stock was trading at its highest level since June, 2018

Shares of Tata Motors DVR hit an over three-year high of Rs 172 after they surged 12 per cent on the BSE in the intra-day trade on Thursday, on the back of heavy volumes. The stock surpassed its previous high of Rs 169.75, touched on June 15, 2021 and was trading at its highest level since June 2018.

Differential Voting Rights (DVR) shares are shares that are permitted to be issued with differential voting and differential dividend rights.

In the past two weeks, the DVRs of Tata Group commercial vehicle manufacturer have rallied 22 per cent. Trading volumes