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India's Tata Motors shares rebound on JLR sales hopes

Source : REUTERS
Last Updated: Sun, Feb 17, 2013 06:51 hrs

MUMBAI, Feb 15 (Reuters) - Shares in India's Tata Motors recovered from early losses and were up 2.3 percent on expectations of better sales and margin at subsidiary Jaguar Land Rover, traders said.

Tata Motors earlier fell as much as 3.1 percent, after posting its first drop in profit in five quarters on Thursday, as its Jaguar Land Rover (JLR) business faced higher spending and a drop in operating margin after 18 months of soaring profit. (Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)



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