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Morningstar India Positive on Tata Motors Despite Q2 Miss

PUBLISHED ON: November 17, 2014 | Duration: 7 min, 03 sec

  
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Piyush Jain, equity research analyst at Morningstar India, says, Tata Motors’ Q2 performance in core business was along expected lines. Higher depreciation allowance relating to a new manufacturing plant and forex losses have combined together to hit Q2 bottom-line by Rs 1000 crore, he adds.
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