Commercial vehicle major Tata Motors dropped nearly 2 percent on Friday despite foreign research house Citi recommending a buy on the stock.
The target price for the stock is at Rs 309, according to the report. Overall the shares lost Rs 9 per share in previous six days to Rs 300.95 on Thursday on closing basis.
Citi expects Jaguar sales at 63000 units in financial year 2013-14, with an upside potential if the new 'F' type model and its variants are successful.
Tata Motors sold 98,837 units globally in February , down 22 percent year-on-year.
Its global wholesales at luxury Jaguar Land Rover unit rose 10 percent year-on-year at 35,485 units.
While Jaguar sales accelerated 68 percent to 7,102 units, Land Rover sales rose just over 1 percent to 28,383 units.
The UK-headquartered JLR had said late on Tuesday, its retail sales last month rose just 3 percent year-on-year to 26,855 units, as holidays hurt sales in China, one of its biggest markets.
At 11:23 hours IST, shares went down 1.84 percent to Rs 295.40 on Bombay Stock Exchange.
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