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  • Steer Clear of Tata Motors  [View article]
    The focus on Nano is misplaced. The profit margin there is miniscule.
    TTM makes the most profits from its commercial trucks and given that the rupee has plunged (going from Rs40 to $1 -> Rs45), they can really sell into overseas markets. Even though the Nano issue will be an overhang next month, the good ag season, wedding season and exports will help increase sales in the commercial sector, which is TTM's bread and butter. I see TTM at $15 by year end.
    Sep 09 10:31 am |Rating: 0 0
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