TMPV shares fall nearly 6% as JLR weakness and margin concerns weigh, brokerages divided

TMPV shares experienced a nearly 6% decline in early trade following the automaker's report of an 80.3% year-on-year fall in consolidated net profit for the June quarter. Weaker profitability at Jaguar Land Rover (JLR) and rising commodity costs contributed to the company's earnings decline. Despite JLR maintaining its target of double-digit revenue growth over the next five years, the strategy is focused on greater propulsion flexibility, strengthening its premium positioning, and increasing strategic focus on North America.

The upcoming launch cycle, including the Range Rover Electric, RRS Electric, RR GT, and Jag Type 01, is expected to support the company's growth. However, brokerages remain divided on the stock's outlook, with some maintaining positive ratings while others have lowered their target prices.

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