Tata Motors PV shares tumble 6% after net profit drops in Q1; analysts stay cautious

Tata Motors Passenger Vehicles shares fell 6% to ₹329 due to an 80% drop in net profit linked to challenges at JLR and high material costs. Analysts expect ongoing pressure, with Motilal Oswal maintaining a ‘Sell’ rating and target price of ₹310.Tata Motors Passenger Vehicles shares fell 6% to ₹329 due to an 80% drop in net profit linked to challenges at JLR and high material costs. Analysts expect ongoing pressure, with Motilal Oswal maintaining a ‘Sell’ rating and target price of ₹310. 

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