“Tata Motors Ltd. (TTM, NYSE) is India’s largest automobile company. Producing everything from buses to tractor-trailers to passenger cars, the company sells its many vehicles through more than 1,500 dealers. Chances are, if you see a car driving down the road in India, Tata had a hand in building it. The company is also making a global name for itself, shipping its cars to countries throughout Africa, Asia, Europe, the Middle East and South America. Adding to its global relationships, the company distributes Fiat-branded cars in India through its Tata-Fiat dealer network. In 2008, Tata Motors also bought the Jaguar and Land Rover brands from Ford for about $2.3. In September, Tata Motors’ global sales rose 23% and demand for its Jaguar and Land Rover vehicles continued to expand. Tata Motors recently raised $750 million in a secondary stock offering and is planning to aggressively repay its debt. In the past three months, the analyst community has revised its consensus earnings estimate 77.1% higher. Typically, such strong analyst earnings revisions precede future earnings surprises. ... Buy this moderately aggressive stock under $32.”
Louis Navellier, Blue Chip Growth Letter, November 2010