Tata Motors falls 8% in 4 sessions as JLR guidance spooks brokerages, earnings estimates cut

Tata Motors shares have dropped 8% over the last four trading days after Jaguar Land Rover slashed its FY26 margin outlook and forecasted a sharp drop in free cash flow. Brokerages including Nomura, Nuvama, and Motilal Oswal have trimmed earnings estimates, flagging margin pressure and weakening profitability for the automaker.