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$6.46 0.55 (9.31%)
10/13/2008 4:04 PM

Tata Motors Limited (ADR) (TTM)

CAPS Rating:
*****

The Company designs, manufactures and sells vehicles, spare parts for its vehicles and engines for industrial and marine applications as well as construction equipment and information technology services.

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Avatar restucci (66.72) Submitted: 4/24/07 2:13 PM : Outperform Start Price: $17.19 TTM Score: -23.03

Every now and then I'll take a pick from Mr. Cramer, of course after doing my own research. I'm long on this stock and think it has huge upside potential especially right now trading at approx 16 times earnings. (I am also long on ford, but that is because of the timing of the purchase more than the business itself).
forward P/E is around 14X, and on top of all that, the stock pays a dividend. India and China are becoming huge markets as the countries begin to develop economically. TTM is one of the only (or few) plays in the Indian auto market, plus they are domestic to the Indian market. In my opinion the stock has been beaten down by the over valuation fears of the "China / India bubble" that hit the market in February but now is a great buying time!!

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