Tata Motors Hits 52-Week High, DVR Up 18%. What's Driving The Surge?

Tata Motors Limited shares gained more than 3 percent to hit a new 52-week high at Rs 665 on Wednesday. The company's board of directors approved the cancellation of DVRs and replace them with ordinary shares. Under the proposed scheme, Tata Motors will issue 7 fully paid-up ordinary shares of face value Rs 2 each, for every 10 DVRs. Tata motors DVR stock is up 18%. What's driving the stocks? Watch experts' view.