Tata Motors shares dip 6.5% as Coronavirus impact on JLR spooks investors

Tata Motors shares fell below Rs 100 for the first time since September 4, 2009, on Wednesday as the impact of coronavirus (COVID-19) on Jaguar Land Rover Automotive spooked investors.   The fears were exacerbated by the steady rise in COVID-19 cases across Europe, one of JLR’s biggest markets. After touching a low of Rs 98.9, the firm’s shares closed at Rs 99 on the BSE, down 6.43 per cent on Wednesday. Thus far in calendar year 2020, Tata Motors has underperformed the market by falling 50 per cent, compared to a 15 per cent decline in the S&P BSE Sensex.   As Italy .....

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