Tata Motors shares rally on hopes of better value from demerger of passenger vehicle and commercial vehicle businesses. Morgan Stanley and JP Morgan give overweight ratings. Demerger to secure synergies in EVs, autonomous vehicles, and vehicle software. PV business to compete with Maruti, JLR.
IndiGo, Indian Oil and other crude-sensitive stocks rally up to 4% as oil dips below $105/bbl. Where are prices headed?
Crude-sensitive stocks such as IndiGo, BPCL, HPCL and Indian Oil rallied up to 4% as oil prices declined for a second consecutive session amid US-Iran