(Reuters) -Indian carmaker Tata Motors' shares plummeted about 9% to a 14-month low on Thursday, after its third-quarter results set off growth and margin concerns for its luxury Jaguar Land Rover (JLR) segment.

Tata Motors share price declined 8% in the morning trade on Thursday following the automaker’s Q3 results wherein it reported a double-digit fall in profit.

Tata Motors stock closed 7.37% lower at Rs 697 on Thursday after the company's earnings came below estimates on weak JLR performance.

The stock hit the day's low of Rs 684.25. Jefferies downgraded Tata Motors from 'buy' to 'underperform'. The firm also reduced its price target to Rs 660 from Rs 930.

Tata Motors stock price went down today, 30 Jan 2025, by -8.31 %. The stock closed at 752.45 per share. The stock is currently trading at 689.95 per share. Investors should monitor Tata Motors stock price closely in the coming days and weeks to see how it reacts to the news.

Tata Motors shares will be in focus on Thursday, January 30, after the company reported a 22% YoY drop in Q3 profit, which fell to Rs 5,451 crore, missing analysts' expectations. Should investors buy,