India, Oct. 15 -- With Tata Motors Ltd. trading ex-demerger, the focus is now on Tata Motors CV and how it will be priced on the stock exchanges when it lists separately in a month's time.

While the Tata Motors demerger "pegged" Tata Motors CV share price at Rs.260.75, Nomura Financial Advisory and Securities (India) Pvt. Ltd. has a higher target price for India's largest truckmaker.

"Post demerger, our target price is split almost evenly for the two entities - Rs.365 for Tata Motors CV and Rs.367/share for Tata Motors PV," Nomura analysts Kapil Singh and Siddhartha Bera said in a 14 October note.

On Tuesday, Tata Motors shares started trading excluding the value of its commercial-vehicle business, in what the final step for an 18-mont...