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The Economic Times

Veer Sharma

Tata Motors PV shares fall 5% after weak Q1 results. What are Morgan Stanley, Nomura, others saying?

Tata Motors Nomura Morgan Stanley Tata Motors PV JLR Jaguar India Citi Middle East Motilal Oswal

Shares of Tata Motors Passenger Vehicles (TMPV) declined 5% to Rs 330 on the BSE on Friday after the company reported a sharp 80% year-on-year (YoY) decline in consolidated net profit for the April-June quarter of FY27.

The auto majors' net profit fell to Rs 775 crore from Rs 3,924 crore in the same quarter last year, amid supply constraints, including a fire at a key component supplier, the Middle East conflict and a planned Jaguar wind-down.

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