Shares in Tata Motors rose 1.1 percent in pre-market trading on Friday after India’s largest truck and bus maker reported full-year profit more than trebled driven by higher sales at home and at its Jaguar and Land Rover unit.
But by the afternoon it was clear the stock would close the day awash in red.
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The company reported its results after market hours on Thursday and warned competitive pressures and high commodity prices continued to be a challenge.
