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Tata Motors Shares Fall 7% After Q3 Profit Falls

Summary by NDTV
Indian carmaker Tata Motors fell more than 7% in early trade on Thursday after reporting a bigger-than-expected drop in quarterly profit, which pushed a slew of brokerages to slash price targets on the stock. The automaker's stock was on track for its worst day in nearly five months, and was the top loser on the benchmark Nifty 50 index, which was trading flat in early trade. At least seven brokerages lowered price targets on the Tata Motors sto…
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