Tata Motors PV posts a ₹5,531 crore Q2 loss

Tata Motors Passenger Vehicles reports a ₹5,531 crore Q2 loss as the stock faces bearish pressure below ₹320 resistance, with support at ₹258. Tata Motors Passenger Vehicles Limited [ TMPV ] faces selling pressure after reporting a ₹5,531 crore consolidated loss in Q2 FY27. The stock declined 3.31% to ₹287.40 on November 13, 2026, while the broader technical trend remains bearish. Revenue increased 34% year-on-year to ₹96,920 crore. However, exceptional charges of ₹6,738 crore weighed heavily on profitability. These included ₹3,776 crore towards employee separation costs and ₹2,856 crore in asset impairments, largely linked to Jaguar Land Rover restructuring. The reported loss also needs context. The previous year's ₹76,170 crore profit included a substantial one-time gain from the commercial vehicle business demerger. Therefore, the comparison does not represent normal operating performance. The results were announced after market hours on November 13. Hence, the November 13 decline cannot be treated as a reaction to the published results. November 16 will be the first trading session for investors to react to the announcement. Technically, ₹320 remains the immediate resistance, while ₹258 is the important support. Sustained weakness below the current trading zone could increase downside pressure. A recovery above ₹320 would be an early sign of improving sentiment. Until then, the technical outlook remains bearish. Stance: Cautious. Disclosure: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.