Tata Motors shares plunge as UBS predicts ‘significantly’ weaker results

Tata Motors’ shares fell by 5.5%, marking their third-worst day this year, after a UBS report indicated potential financial issues for Jaguar Land Rover due to increasing discounts. The stock has been on a nine-session losing streak, shedding 12.8% of its value. UBS maintains a ‘sell’ rating with an 825-rupee price target.