Amit Kasat

Indian Markets Trade Lower; Tata Motors Downgraded, HUL Touches 52-week High

Indian Markets Trade Lower; Tata Motors Downgraded, HUL Touches 52-week HighIndian Stock Markets were trading lower on Friday with BSE Sensex down by 25 points at 17536. US markets closed flat on Thursday and Asian Markets were lower on Friday.

Amit Kasat of Standard Chartered Securities has downgraded Tata Motors after the company declared lower than expected first quarter results. The company's JLR unit would face lower sales and this will have an impact on Tata Motor's profits in upcoming quarters. Amit Kasat has suggested investors to exit Tata Motors on every rally.




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