TTM Stock: Tata Motors Is An Attractive Opportunity: An Algorithmic Analysis
Summary
- Tata Motors recently announced a rights offering to raise $1.2 billion, which will be used to fund new models in th
e coming years. - The company is set to benefit from a growing economy in India with its commercial vehicle sales.
- A joint venture for a new plant in China and a new premium compact modelwill allow Jaguar to increase demand in China and boost sales.
- I Know First’s algorithm is bullish on Tata Motors for the long-term time horizon.
Algorithmic Analysis
With exceptionally strong signals of 55.29 and 70.77 for the 1-month and 3-month time horizons, respectively, Tata Motors appears to be greatly undervalued at this point in time. Now is a great time to buy this stock for investors with a long-term strategy in mind, as the company's stock prices appears set to increase considerably in the future due to strong management, an improving economy in India, and stronger performance in China.
