Tata Motors stocks dipped roughly 2% in early trading on Monday. The Tata Group shares reported a 22% drop in consolidated net profit to Rs 5,578 crore for the third quarter ended December 2024, owing to a dip in sales from its passenger and commercial vehicles businesses.

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Tata Motors share price declined 8% in the morning trade on Thursday following the automaker’s Q3 results wherein it reported a double-digit fall in profit.

The stock hit the day's low of Rs 684.25. Jefferies downgraded Tata Motors from 'buy' to 'underperform'. The firm also reduced its price target to Rs 660 from Rs 930.

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Tata Motors shares rise 2% as Q3 earnings approach. Discover 4 key factors affecting its growth. Tune in to the results today!

Tata Consumer Products is a Tata Group company. The Tata stock rallied more than 5 per cent despite reporting a decline in profit in Q3 results. Jefferies has maintained BUY rating on the Tata stock.