Tata Motors Plunges After Jaguar Misses Estimates: Mumbai Mover
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Tata Motors Ltd., India’s biggest automaker, declined the most in three years in Mumbai trading, after its main Jaguar Land Rover unit posted earnings that missed some analysts’ estimates.
Tata Motors fell 12 percent to 243.05 rupees at the close, the most since April 2009. It was the biggest loser on the 30-member BSE India Sensitive Index, which dropped 0.8 percent.