Tata Motors PV shares plunge 10% after weaker than expected JLR FY27 guidance

Tata Motors Passenger Vehicles shares dropped 10 percent after JLR's FY27 guidance came in below street expectations. JLR projected 13 percent revenue growth to 26 billion pounds and EBIT margins of 4 percent, versus analyst estimates of above 4 percent. The parent entity also reported a 32 percent year-on-year decline in Q4 consolidated net profit to Rs 5,783 crore, though revenue rose 7 percent year-on-year to Rs 1.05 lakh crore.