New Delhi, Nov. 17 -- Shares of Tata Motors Passenger Vehicles (TMPV) crashed over 7% in early trade on Monday, November 17, despite posting a 2,110% year-on-year (YoY) surge in net profit as the performance of its luxury business, Jaguar Land Rover, weighed.

Analysts largely recommended a 'reduce' or 'sell' rating for the newly demerged TMPV stock, which houses the passenger vehicle, electric vehicle, and JLR businesses of Tata Motors.

More to come.

Published by HT Digital Content Services with permission from MINT....