Tata Motors shares dip sharply on stock market. Here’s why

Shares of Tata Motors fell sharply on the stock market during the afternoon trading session. The stock fell 10 per cent on the National Stock Exchange before recovering slightly. Here is all you need to know.

Shares of Tata Motors dipped sharply on the stock market on Tuesday. The company’s shares fell as much as 10 per cent on the National Stock Exchange (NSE) and over 8 per cent on the Bombay Stock Exchange (BSE). At 2:48 pm, shares of Tata Motors were down 8.29 per cent at Rs 317.35 on the BSE. The stock suddenly came under pressure after the company highlighted that its Jaguar Land Rover (JLR) division will see negative earnings before interest and taxes (EBIT) margins in the September quarter (Q2FY21).