Market analyst Vaishali Parekh has shared her outlook on Tata Motors, indicating that there is still potential for downside movement in the stock. According to Parekh, the share price could decline to the Rs 680 to 660 range, and investors should keep this level in mind. If this support level is breached, she cautioned that the stock could further fall to the Rs 600 mark. Parekh also stated that the overall trend for Tata Motors is currently downward.  

While Tata Motors' JLR (Jaguar Land Rover) segment reported strong performance, a drop in margins impacted the company's overall results.

Its consolidated total revenue from operations stood at Rs 1,13,575 crore against Rs 1,10,577 crore in the year-ago period.

The company said that it expects underlying domestic demand to improve gradually on account of infrastructure spending, a slew of exciting product launches and stable interest rates. While JLR wholesales are expected to improve further in Q4 FY25, "we remain watchful on the overall demand situation, particularly in China," the company said in Q3 filing.