Shares of Tata Motors tanked 5 per cent on Thursday after the company missed Street estimates by posting higher-than-expected loss for the September quarter (Q2FY23). Even though, the company reported a narrower loss of Rs 944.61 crore compared to Rs 5,006 crore in the corresponding quarter last, issues related to JLR margins, semiconductor supply and the prevailing challenges in the automobile industry weighed on the investor sentiment.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- 26 years of website archives.
- Preferential invites to Business Standard events.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Thu, November 10 2022. 13:54 IST