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Tata Motors shares fall nearly 3 pct

June 14, 2011

Shares in Tata Motors ended down 2.84 percent on Tuesday and closed at 984 rupees.

UBS downgraded the stock to “sell” from “buy” and cut the price target to 920 rupees from 1,360 rupees on fears of constricted growth and margins.

The stock also ended as the top Sensex and BSE Auto index loser.

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