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Shares of Tata Motors Ltd were trading down by 0.5 per cent as traders cite caution ahead of January-March earnings due on Tuesday.
Earnings could disappoint on the back of Jaguar Land Rover sales in China, says an analyst at a domestic brokerage.
Thomson Reuters StarMine shows mean consensus forecasts for consolidated January-March net profit at Rs 4,094.60 crore ($643.35 million) but it does not include the latest revisions.
SmartMine Estimates, which focuses only on top-ranked analysts, predicts below-consensus earnings of Rs 4,014.10 crore ($1 = 63.6450 Indian rupees).
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