Tata Motors Commercial Vehicles (TMLCV) debuted with a 28% premium, reflecting investor confidence in India’s commercial vehicle sector upcycle. The demerger allows independent valuation of the stable, cash-generating CV business, seen as core to India’s growth story. Analysts are bullish, citing strong fundamentals and potential from the Iveco deal.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets