Indian carmaker Tata Motors fell more than 7% in early trade on Thursday after reporting a bigger-than-expected drop in quarterly profit, which pushed a slew of brokerages to slash price targets on the stock.

Drug major Cipla on Tuesday reported a 49% jump in its December quarter consolidated net profit at Rs 1,571 crore as compared to Rs 1,056 crore reported in the year-ago period. The profit after tax (PAT) was higher than the ET Now poll of Rs 1,

Cipla reported a 48% YoY increase in Q3FY25 consolidated net profit to ₹1,571 crore, driven by growth in Emerging Markets and Europe. Total revenue reached ₹7,073 crore, while One India Business grew 10% YoY.

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