Rekha Jhunjhunwala, wife of investor Rakesh Jhunjhunwala, appears to have exited Tata Motors, as her name was missing from the Q2 2024 shareholder list after holding a 1.11% stake.
On October 8, 2024, Tata Motors' shares dropped 4% to ₹893.90, despite a prior 800% gain during Jhunjhunwala's tenure. Jaguar Land Rover reported a 3% decline in Q2 FY25 retail sales amid aluminum supply disruptions. Analysts remain cautious, with Motilal Oswal rating the stock 'neutral' at ₹990 and Emkay Global maintaining a 'buy' rating at ₹1,175.