Tata Motors stock tanks in morning trade

May 30, 2012 11:54

Shares of Tata Motors got battered today because of lower Jaguar Land Rover (JLR) margins even as the company posted over two-fold jump in consolidated net profit at Rs 6,234 crore for the quarter ending March 31. The standalone numbers for Tata Motors India were disappointing with net profit sliding 1.4 per cent to Rs 565 crore in the March quarter from Rs 573 crore a year ago.

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