Shares of Tata Motors Commercial Vehicles Ltd (TMLCV), the newly demerged commercial vehicle arm of Tata Motors , made a robust debut on Wednesday, listing at a premium of over 26%–28% to its implied value.. The stock opened at Rs 335 on the NSE, up 28.5% from the implied value of Rs 260.75 and at Rs 330.25 on the BSE, a 26.6% gain. Post listing, it rose further to Rs 345 on the NSE, reflecting solid investor enthusiasm for India’s largest truck and bus maker. Analysts cited optimism about India’s commercial vehicle upcycle and infrastructure growth as key drivers. Jahol Prajapati, research analyst at Samco Securities, was quoted by ET as saying that the demerger “separates the fast-growing passenger vehicle and EV business from the more stable, cash-generating CV business, all

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