In this article, we discuss the 5 best Indian stocks to buy right now. If you want to read our detailed analysis of the Indian stock market, go directly to read the 9 Best Indian Stocks to Buy Right Now.
5. Tata Motors Limited (NYSE:TTM)
Number of Hedge Fund Holders: 10
Tata Motors Limited (NYSE:TTM) is an Indian multinational automotive manufacturing company. In October, the company reported a 31% year-over-year growth in domestic sales at 65,151 units. Along with this, sales of commercial vehicles and passenger vehicles grew by 18% and 44%, respectively, from the same period last year.
This October, Morgan Stanley upgraded Tata Motors Limited (NYSE:TTM) to Overweight with a INR 448 price target. The firm’s analyst showed confidence in the Indian automotive sector and appreciated the refreshed models of Tata Motors Limited (NYSE:TTM).
At the end of Q3, 10 hedge funds tracked in Insider Monkey’s database were bullish on Tata Motors Limited (NYSE:TTM), up from 8 in the previous quarter. These stakes are valued at $90.8 million, up significantly from$69.1 million in the previous quarter.