Worries pile up for Tata Motors' investors; analysts have downgraded stock

With more red ink expected from JLR; many analysts have downgraded the stock

Investors in Tata Motors are worried after a quarter that was marked by high impairment charges, steep volume contraction in China and uncertainty around Britain’s exit (Brexit) from the European Union.
 
The company reported a loss of Rs 26,697 crore in the December quarter; this is the biggest one ever reported by a corporate entity in India. It was on account of a £3 billion write-off at UK-based Jaguar Land Rover (JLR) and a disappointing performance in China, where volumes fell by more than half over the year-before quarter.
 
“The write-off was inevitable, given sharp deterioration in growth