TMPV shares fall nearly 6% as JLR weakness and margin concerns weigh, brokerages divided

Tata Motors PV shares fall 5% after weak Q1 results. What are Morgan Stanley, Nomura, others saying?

Tata Motors Q1 profit fell 80% YoY to Rs 775 crore amid supply disruptions and Jaguar wind-down, triggering 5% stock decline. EBITDA margin contracted 130 bps to 7.4% signals severe cost pressures constraining EV capex and exposing supply chain vulnerability.