Best Auto Stock - Check out these Tatas!
With all the talk about the forthcoming GM IPO, Ford beating earnings estimates, Tesla going crazy, there is one stock being overlooked here in the USA. Tata Motors has increased net profits by more than 10,000% !! (from roughly $5M to $500M)
Here are the reasons they gave for this huge increase:
"Favorable macroeconomic conditions, good monsoons and good finance availability led to robust domestic demand during the quarter, resulting in volume growth across all segments," the company said.
In less than 2 years the stock has shot up from a low of $4 to more than $31 today. Looks like they still have plenty of momentum, too.
Any naysayers out there?