Tata Motors surges on demerger, IIFL dives 20%
Wednesday, 6 March 2024
Tata Motors stock price rallied 7% after announcing demerger; profit-taking occurred. IIFL Finance's stock price crashed 20% due to RBI banning gold loans. Analysts' reactions mixed. Tata Motors confident in standalone basis; value discovery expected. Positives fully priced in.
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