Ratan Tata-led Tata Motors class A shares,or shares with differential voting rights (DVRs),were up as much as 13.6 percent as they continue to trade at a significant discount to Tata Motors shares,several dealers said. At present,the discount is close to historic peak of 53 percent,according to a research note from Bank of America Merrill Lynch. . Class-A shares seem a more attractive way to play this theme,said the bank,which has a buy rating for Tata Motors. The bank has a price target of 195 rupees for the DVRs,based on a 35 percent discount to existing target of 300 rupees for ordinary shares. At 1:10 p.m,the DVRs were up 12.34 percent at 151.65 rupees and Tata Motors shares were up 4.83 percent at 272.40 rupees. Stocks More on Tata Motors Company INFO More on Tata Motors
