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Tata Motors rides higher after earnings

Published 05/23/2018, 09:49 AM
© Reuters.  Tata Motors rides higher after earnings
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  • Tata Motors (TTM +0.9%) trades higher despite posting almost a 50% drop in net profit during Q1. The bottom line mark also missed the consensus estimate of analysts by a wide margin.
  • Investors make have their focus on the automaker's performance in its domestic market. "We gained market share in both commercial and passenger vehicles with strong improvement in profitability and positive cash flow," notes Tata Chairman N Chandrasekaran.
  • Jaguar Land Rover posted 4% revenue growth during the quarter.
  • Previously: Tata Motors reports Q4 results (May 23)
  • Now read: General Motors (NYSE:GM): Share Price Lags Conservative Analyst Estimates


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