Mumbai/IBNS, June 18 -- Shares of Tata Motors Passenger Vehicles (TMPV) are expected to remain in focus on Thursday after brokerages adopted a cautious stance on the automaker's latest outlook and commentary during its investor day, according to a report by NDTV Profit.

The company's FY27 guidance triggered a sharp selloff on Wednesday, with the stock plunging nearly 10 percent.

FY27 Outlook Fails to Impress Investors

However, investors appeared disappointed by the company's projected EBIT margin of 4 percent, amid rising cost pressures and continued uncertainty in the global business environment.

The cautious margin outlook overshadowed the revenue growth forecast, leading to heavy selling in the stock.

Brokerages Cut Target Prices...