Tata Motors Ltd. (NYSE: TTM) has been on a great run in the last six months by more than doubling in value. It has receded lately from its 52-week high of $21.99 due to some weakness in the BSE. This stock is worth keeping an eye on and scooping up at the right moment.
NDTV reports the latest development in the company's expansion:
Tata Motors Ltd. is expanding its footprint on the African continent. Tata Motors Ltd. will be entering the Kenya and Nigeria markets by the end of the year according to its Africa Managing Director Raman Dhawan.
Tata Motors considers South Africa as its most important market in Africa and is planning to introduce new vehicles there, while also expanding its Bus building facility in the country. The dealership network will also be extended in the country with the addition of 18 new dealers this year.