Tata Motors (TTM) reported Tuesday morning that its fourth quarter net profit dropped by 56 percent, to $269 million. Jaguar Land Rover sales in China decreased by 31 percent from a year ago.
Tata Motors gapped open lower Tuesday and declined throughout the afternoon. The stock finished with a loss of 3.33 at $37.84 on the highest volume of the year. Tata Motors dropped below a 1-month trading range and set over a 9-month low.
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