Tata Motors slips 3%, nears 52-week low ahead of June quarter results

The stock has underperformed the market in the last three months, by falling 38 per cent from its recent high of Rs 236 on April 18, 2019.

Shares of Tata Motors dropped 3 per cent to Rs 146 in the morning deals on Thursday, extending its previous day’s 3 per cent decline on the BSE, ahead of April-June quarter (Q1FY20) earnings due later in the day. The stock of commercial vehicles major was trading close to its 52-week low of Rs 142 hit on February 8, 2019 in intra-day trade.

Analysts expect the decrease in volume across all segments to impact both the company's revenue and bottom-line. They see a 28-30 per cent year-on-year (y-o-y) fall in net profit and 13-16 per cent dip in revenue