Tata Motors PV shares fall after profit plunges, warns on margins
Shares of India’s Tata Motors Passenger Vehicles fell as much as 6% on Friday after the automaker posted an 80% plunge in quarterly profit and warned that margin pressures would persist into the second quarter. The stock was down 4.8% at 332.85 rupees as of 1:37 PM IST, its biggest one-day percentage decline since June 17. It was the top loser on the auto and Nifty 50 indexes. During a…
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