Tata Motors Skids Over 9% on Disappointing Q3

Posted By: Religare
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Shares of Tata Motors tumbled over 9 per cent on the Bombay Stock Exchange after the auto major reported sharp decline of 96 per cent in its consolidated net profit at Rs 112 crore during the third quarter (Q3) of FY17.

Tata Motors Skids Over 9% on Disappointing Q3
Tata Motors: Quotes, News
BSE 377.80BSE Quote4.45 (1.18%)
NSE 378.80NSE Quote5.2 (1.37%)

Weighed down by Q3 earnings, shares of company declined as much as 9.35 per cent to hit an intra-day low of Rs 441.25 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company fell 7.56 per cent to Rs 445.60 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,165.71, down 173.60 points, or 0.61 per cent, at 11:45 hours.

Read more about: tata motors, bse, stocks, nse
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