tata motors ltd share price today, tata group shares in huge decline.. big disappointment for investors!! – Tata Motors shares slip over 4% in stock market today

Shares of domestic auto major Tata Motors fell over 4 percent today. The company’s UK arm Jaguar Land Rover (JLR) saw retail sales fall 4.9 percent in the second quarter.

As against 92,710 units sold in the corresponding quarter of the previous financial year, sales declined to 8,121 units in the second quarter. Additionally, sentiment on Tata Motors stock has been negative.

The brokerage said the downgrade was due to delays in delivery of deadlines at JLR. A delay in free cash flow generation has seen JLR shares fall.

The company has cut its consolidated earnings (EPS) estimates by 12-25 percent for the current financial year. But the company cut its target price to Rs 455 from its previous target of Rs 525.

Subsequently, Tata Motors shares fell 3.91% to trade at Rs 391.05. This has caused great concern to its shareholders.