Wednesday, October 31, 2018

Tata Motors in reverse gear

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Tata Motors  has reported consolidated loss of Rs 1,048 crore for the quarter ended September 2018, impacted largely by disappointing performance of Jaguar Land Rover.  

The company had reported a net profit of Rs 2501 Cr in the July-September quarter of 2017-18.

Total revenue from operations, however, rose 3.3 per cent to Rs 72112 Cr billion as compared to Rs 69838 Cr in the year-ago period.

Tata Motors closed at Rs 179, up Rs 1 in today's trade.

The stock is one of the worst performer among Nifty stocks in the last one year, having lost almost 60% of its value.

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