Brokerages mixed on Tata Motors post Q4 result; CLSA recommends 'sell'
Updated : May 21, 2019 09:32 AM IST
Tata Motors Monday reported a 49 percent decline in consolidated net profit to Rs 1,108.66 crore for the quarter ended March 31.
The revenue of the company fell Rs 86,422 crore in the fourth quarter compared to Rs 89,928.97 crore in the same quarter last year.
However, brokerages give out mixed recommendations on the stock. Citi Research gave a 'buy' rating.