Tata Motors (NYSE: TTM
) seems to have recovered strongly after posting bad monthly growth figures in the months of August, September and October of 2006. The auto manufacturer has posted nice back to back months of November and December of 2006.
Key Highlights from December 2006:
• Vehicle sales up 37% YoY
• Passenger sales up 27% YoY
• Commercial sales up 50% YoY
• Exports grew 7%
Total YoY sales growth in the past few months:
• December 2006: 37%
• November 2006: 43.1%
• October 2006 - 5.6%
• September 2006 - 23.8%
• August 2006 - 26.2%
The stock is currently trading very close to its 52-week high.
TTM 1-yr chart:
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