Should you sell Tata Motors post Rs 26,960 crore Q3 consolidated loss?

On Friday, Tata Motors and Tata Motors DVR tanked over 20 per cent each and hit a low of Rs 129 levels and Rs 71, respectively on the NSE

At Rs 26,960.80 crore, Tata Motors reported the biggest ever quarterly loss for an Indian company. The total income for the third quarter ended December 2018 (Q3FY19) came in at Rs 77,582.71 crore. 

Tata Motors said it took one-time exceptional non-cash charge for asset impairment of 3.1 billion pounds and the overall performance was dented on account of JLR. The results were announced post market hours on Thursday.

The results stumped the Street that expected JLR’s performance in the recently concluded quarter to aid the overall results.

“Tata Motors' standalone is poised for around 7 per cent revenue growth.