Street signs: Mean revision in TaMo DVR, GMPs for Elin & KFin, and more

Since November, shares of Tata Motors have remained flat, while the DVR has crashed 14 per cent. The grey market premiums (GMPs) for the two IPOs that open this week are mixed

Mean revision in TaMo DVR
 

The Tata Motors DVR had narrowed its discount to the ordinary shares to 40 per cent during the start of November. This was on expectation that both the DVR and ordinary shares will get added to the benchmark Sensex. Those hopes got dashed as a tweak in index inclusion criteria saw only the ordinary shares making it to the index. Since November, shares of Tata Motors have remained flat, while the DVR has crashed 14 per cent. This has once again widened the discount to close to 50 per cent between the two—which has been