It’s rare for a company’s stock to see its fortunes swing sharply in a single trading day. But that’s what happened to Tata Motors’ share in a matter of a few hours.
The stock opened at Rs 346.1 and rose to Rs 358.1 on news of a price hike in the commercial and passenger vehicle range of the India business. But the euphoria was short-lived. Later in the day, Jaguar and Land Rover Automotive Plc (JLR), Tata Motors’ UK subsidiary, issued a profit warning for the forthcoming quarters on account of the severe shortage of ...
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