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Silent shareholders hold the key to Tata Motors' Iveco deal

Tata Motors secured new business.

· LiveMint Companies

Tata Motors must secure silent shareholders vote to complete €3.9 billion Iveco…

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Against that, the stock is -0.6% on the day at ₹418.75, and has returned +1.0% over three months. It sits 17% below its 52-week high. The auto sector has moved -3.7% over the same period, so Tata Motors is running 4.7 points ahead of its peers.

For Tata Motors, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.

  • The company directly in focus is TMCV.
  • Sector exposure: Auto.
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