5 stocks down 10% on weak Q3 results

Tata Motors, Parag Milk, Intellect Design, MT Educare and Panacea Biotec plunged up to 19% on BSE.

Five stocks – Tata Motors, Parag Milk Foods, Intellect Design Arena, MT Educare and Panacea Biotec – plunged up to 19% on Wednesday after these companies reported a weak set of numbers for the quarter ended December 2016 (Q3FY17).

Tata Motors fell 10% to Rs 437, extending yesterday's 3.68% decline triggered by the company's weak Q3FY17 results.  The stock recorded its sharpest fall in more than four years. Earlier, on May 30, 2012, it was down 11.8% in single day. Tata Motors DVR too ended 10.2% lower at Rs 268 on the BSE.

Tata Motors, which announced earnings after