But as far as car makers go, TTM just ranked first -- with a gain of 1.44% -- for best relative performance in the sector yesterday.
Relative outperformance is a bullish sign of underlying fundamental and technical strength. In terms of Tata's peer group, the exchange-traded fund for the automobile sector, First Trust Global Auto Fund Index ( CARZ , quote ), is close to its year low at around $22.50. The high for the year for CARZ is $31.83.
The plight of Tata Motors has been detailed in many articles on www.emergingmoney.com , including " Tough conditions for Tata Motors ."
Its hopes of great profits from the world's cheapest car, the Nana, have not transpired. The mass movement of "two wheels to four wheels" -- motorbikes to cars -- among consumers in India has stalled for a variety of factors.
Many factors make Tata Motors attractive, however. At around $16.60, the stock is trading close to its year low.
Start with an above-average dividend of 2.64% supported by a very low payout ratio of under 15%. The price-to-sales ratio is just 0.36. The short float is minuscule at 0.26%.
Over the next year, the mean analyst target price for Tata Motors (TTM) is $32.00.