MUMBAI Shares in Tata Motors (TAMO.NS) recovered from early losses and were up 2.3 percent on expectations of better sales and margin at subsidiary Jaguar Land Rover, traders said.
Tata Motors earlier fell as much as 3.1 percent, after posting its first drop in profit in five quarters on Thursday, as its Jaguar Land Rover (JLR) business faced higher spending and a drop in operating margin after 18 months of soaring profit.
(Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)
Trending On Reuters
The Reserve Bank of India kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates. Full Article | Full Coverage