Leading global automaker Tata Motors’ stock fell about 5% in early trading today to reach ₹1,090 per share. Despite the firm reporting a good set of figures for the June quarter, the sharp increase in shares resulted in profit booking, putting selling pressure on the stock.
Furthermore, the management expressed cautious optimism for the remainder of FY25. They expect constrained production for Jaguar Land Rover (JLR) in the second and third quarters because of the yearly summer plant shutdown and problems with the supply chain caused by floods at a significant aluminum supplier.
Regarding the domestic market, the company expects demand to gradually improve over the remaining months of the year as a result of ongoing infrastructure improvements, good monsoons, favourable macroeconomic conditions and festive demand.
As of 10:36 am, Tata Motors shares were trading 3.92% lower at ₹1,099.55 on the NSE.
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