Shares of Tata Motors were down by more than 7 per cent apparently over concerns that Jaguar Land Rover (JLR) owned by it will report a lesser EBITDA margin in the quarter ending December 2012.
The stock was down at Rs 290.15, a loss of Rs 22.90 or 7.32 per cent, with a huge trading volume of 1.54 crore shares on the NSE at 10.10 a.m. today. But it made a partial recovery after dipping to a low of Rs 281.80 during early trading.
The stock has shed about Rs 47 since touching a 52-week high of Rs 337.40 on the NSE on January 10.