New Delhi, April 8 -- Tata Motors came under pressure after brokerage firm Kotak Institutional Equities downgraded the stock and sharply cut its price target, citing growing concerns over Jaguar Land Rover's (JLR) exposure to new US tariffs. The stock has already been reeling from a sharp decline, and the latest move from Kotak adds to investor worries surrounding future profitability and volume growth.

In a note released Monday, April 7, Kotak Institutional Equities downgraded Tata Motors to "reduce" from its earlier "add" recommendation and slashed the stock's price target to Rs.600 from Rs.750-a 20 percent cut. The revised target is still above the current market price, though Monday's dip has brought the stock well below even this up...