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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 BRIC Stocks for 2012: SOHU on Top


9. Tata motors (TTM) is India's largest automobile company, the world's fourth-largest truck manufacturer and the third-largest bus producer. Operating in two segments, automotive and other, Tata and its subsidiaries engage in the development of engineering and automotive solutions, manufacture of construction equipment, automotive components, supply chain activities, and automotive retail and service operations.

Of the 53 analysts covering the stock, 74% recommend a buy and 19% suggest a hold. The stock is a value pick with a target price of $20.08, about 22.4% higher than the current price, say MarketWatch analysts.

For second-quarter fiscal 2012, Tata Motors reported revenue of $7.86 billion, up 27.8% from $6.15 billion in the same quarter the prior year. Net profit came in at $410.5 million, while diluted EPS stood at 12 cents at the end of the second quarter.

Tata Motors sold 76,823 units during November, up 40.6% from 54,622 in the same month last year. Sales of Nano -- the world's cheapest car -- were 6,401 during the month compared to 509 units in the year-ago period, recording a more than 12-fold jump.

The group's global wholesales for October stood at 95,789 units, 10% higher than in the same month last year. Cumulative sales for the fiscal are 642,431 units, up 7% compared to the corresponding period in 2010.

Tata recently rolled out Tata Sumo Gold, equipped with the new technology, and Range Rover Evoque from the Jaguar Land Rover corporate showroom in Mumbai. Tata Motors is planning to launch a diesel version of the Nano at the upcoming Delhi Auto Expo in 2012.

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