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Tata Motors slips 4% after reporting Rs 9,864 cr net loss in March quarter

The company said it expects significantly lower sales in the first quarter (Q1FY21)

Topics
Markets | Tata Motors | Tata Motors Q4 results

SI Reporter  |  New Delhi 

Brokerages slashed price targets on Tata Motors after the company reported biggest loss in India’s corporate history. The consensus 12-month price target for the stock is down to Rs 215 from Rs 252 earlier this month. Some brokerages have cut the tar
The company said it planned a rigorous regimen to conserve cash

Shares of dipped 4 per cent to Rs 96.30 on the BSE after posting a consolidated net loss of Rs 9,863.73 crore in the fourth quarter ended March 31 (Q4FY20).

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First Published: Tue, June 16 2020. 10:15 IST
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