A moderating sales growth amid macroeconomic headwinds and foreign exchange fluctuations at Tata Motors’ UK subsidiary, Jaguar Land Rover Automotive, has been weighing on investor sentiments making the stock less attractive for foreign investors.
Shareholding of foreign institutions in Tata Motors that includes foreign institutional investors and American Depository Receipt (ADRs) holders has dropped to the lowest in eight quarters—to 37.7 percent in the December quarter of fiscal 2017-18 from 39.9 per cent in fiscal 2015-16. FII holding in the stock has plunged ...
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First Published: Wed, January 24 2018. 12:22 IST
