Reuters: Global Markets: Tata Motors shares drop as fourth quarter profit disappoints

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Tata Motors shares drop as fourth quarter profit disappoints May 30th 2012, 03:46 MUMBAI | Tue May 29, 2012 11:46pm EDT MUMBAI (Reuters) - Shares in India's Tata Motors (TAMO.NS) dropped 6.1 percent in the pre-open trading session, after its Jan-March operating profits came in below estimates, with traders citing disappointment over margins at unit Jaguar Land rover. A one-off tax gain also contributed to Tata's 139 percent quarterly profit leap, which came in spite of a lackluster performance at its core domestic business.

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