November 27, 2010

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Shares of the Indian car maker Tata Motors (TTM) have been on a tear. The latest up leg is based on the excitement over Tata Motors projecting 250,000 light commercial vehicle sales next years compared to 150,000 vehicles in the prior period.

Considering torrid pace of the Indian economy, the new projections are not a surprise to us. Indeed, they are also not much of a surprise in India as is evidenced by the trading pattern of Tata Motors’ stock in India. However, the momentum crowd in the USA  has gotten overly excited and keeps running up the shares listed in New York.… Please click here or the title below to read more.