Tata Motors, Tata Motors DVR recover 4% from intra-day lows

On Wednesday, after market hours, Tata Motors announced that its subsidiary, Jaguar Land Rover recorded a 37.6 per cent year on year (YoY) drop in retail sales to 80,126 units in Q3.

Shares of Tata Motors and Tata Motors DVR have recovered 4 per cent from their respective intra-day lows on the BSE on the back of heavy volumes. They were down 2 per cent and 1.4 per cent, respectively, in trade today. 

At 02:12 pm, Tata Motors was up 1 per cent at Rs 512.35, as it bounced back 3.5 per cent from its intra-day low of Rs 495. Tata Motors DVR was trading 3 per cent higher at Rs 262, after it recovered 4 per cent from the day's low of Rs 251.75. In comparison, the S&P BSE Sensex was