TATA MOTORS CUT TO ‘UNDER PERFORM’ BY CREDIT SUISSE

Tata Motors – Co. cut to ‘underperform’ from ‘neutral’, on account of cut in volumes forecast and increased tax rate assumption for its Jaguar Land Rover unit. The investment bank said that the co.’s results were in-line with expectation, but expects margins for JLR division to decline due to pricing pressures in various markets. (MoneyControl/Reuters)



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