Tata Motors shares fall as Q3 earnings drop

Tata motors

Tata Motors shares fell as much as 3.1 percent a day after its October-December earnings fell 52 percent to $303 million.

Tata Motors posted its first drop in profit in five quarters as its Jaguar Land Rover (JLR) business faced higher spending and a drop in operating margin after 18 months of soaring profit.

Tata Motors ADR also fell 4.9 percent to $27.25 on Thursday.

Stocks More on Tata Motors

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.