Tata Motors stands firm on ₹1,531-per-share Iveco bid as investor questions valuation: All you need to know
Tata Motors moved higher.
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Tata Motors has refused to raise its offer to buy Italian truck maker Iveco while investor who owns 3.8% of Iveco claims the price is too low. Tata Motors is expected to buy more than 80% of the company's shares by the deadline.
The analysis
Tata Motors reported ₹1,531, with movement of 80% and 3.8% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -4.4% on the day at ₹396.00, and has returned +2.2% over three months. It sits 22% below its 52-week high. The auto sector has moved -6.8% over the same period, so Tata Motors is running 9.0 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.
Market context
- The company directly in focus is TMCV.
- Sector exposure: Auto.
In this story
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