Tata Motors dips 6% on profit booking post March quarter results

The stock has outperformed the market by gaining 15 per cent in the past two weeks, as compared to a 4 per cent rise in the benchmark index S&P BSE Sensex

Shares of Tata Motors dipped 6 per cent to Rs 312.95 on the BSE in intra-day trade on Wednesday on account of profit booking in the counter even as the firm reported a strong operational performance for the quarter ended March 2021 (Q4FY21), led by its UK subsidiary Jaguar Land Rover (JLR) and its India business, and narrowing of consolidated loss, which was mainly on account of exceptional items.

The stock of the Tata group-owned global automobile manufacturer has outperformed the market by gaining 15 per cent in the past two weeks, as compared to a 4 per cent rise in