(Reuters) -Indian carmaker Tata Motors' shares plummeted about 9% to a 14-month low on Thursday, after its third-quarter results set off growth and margin concerns for its luxury Jaguar Land Rover (JLR) segment.

Tata Motors share price declined 8% in the morning trade on Thursday following the automaker’s Q3 results wherein it reported a double-digit fall in profit.

Tata Motors stock closed 7.37% lower at Rs 697 on Thursday after the company's earnings came below estimates on weak JLR performance.

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.

Tata Motors shares will be in focus on Thursday, January 30, after the company reported a 22% YoY drop in Q3 profit, which fell to Rs 5,451 crore, missing analysts' expectations. Should investors buy,