Tata Motors Q3 profit tanks 96% on weak JLR operational nos
Commercial vehicle and luxury car maker Tata Motors ' third quarter profit after tax on consolidated basis fell sharply by 96 percent year-on-year to Rs 112 crore, impacted by big loss in domestic business and operational weakness in JLR.
"For the quarter ended December 31, 2016, the company reported consolidated revenues (net of excise) of Rs 67,484 crore as against Rs 70,567 crore for the corresponding quarter last year (unfavourable translation impact of Rs 10,670 crore), the company
Technical Levels for Tata Motors
Support at 470 and Resistance at 500
Looks weak and could touch its support level of 470 , below 470 it can touch 460---455 and then to 450 mark.
If unable to breach its support level of 470 then its can touch its resistance level of 500 again
Technical Levels for Tata Motors DVR
Support at 285 and Resistance at 300—310
Looks weak and could touch its support level of 285 , Close below 285 it can touch 280--270 and then to 240 mark, else could touch its resistance level of 300—310 again
More will update soon!!
