Thu Jan 30 15:01:59 UTC 2025: ## Tata Motors Shares Plunge After Disappointing Q3 Results
**MUMBAI** – Tata Motors shares experienced a significant drop following the release of its third-quarter financial results, which revealed a 22% decline in consolidated net profit to ₹5,578 crore compared to ₹7,145 crore in the same period last year. The news sent ripples through the market, with brokerage houses revising their target prices downwards and issuing negative outlooks.
The stock opened lower today, falling over 6% and hitting a low of ₹683, after closing at ₹752 yesterday. This continues a downward trend that has seen the share price plummet over 40% in the last six months, from a record high of ₹1176 in August 2024. It is currently trading well below ₹700.
Brokerage firms have reacted negatively to the results. Nuvama downgraded its rating on Tata Motors shares, lowering the target price from ₹750 to ₹720. Jefferies has set a more bearish target price of ₹660, suggesting further potential declines. Goldman Sachs maintains a neutral rating but offers a target price of ₹800.
The current situation leaves investors questioning whether to hold or sell their Tata Motors stock. While brokerage opinions offer some guidance, investors are advised to consult with a certified investment advisor before making any decisions, as stock market investments inherently carry risk.
First Piper 