TTM, Tata Motors, may be it is not high flyer or darling of he Wall Street, but this stock used to be trading at +$50 a share in 2015 and now it barely trades above $6.50 a share after hitting 15 years low at $3.82 about 3 months ago .
Does it mean that major manufacturer of motor cars in India is going out of business or Indian economy is about to collapse? I don't think so, sooner or later Indian market and Indian rupee will stabilize and demand for Tata cars and trucks will go to normal, besides, this company is in hands of Tata family which is majority holder with great pride and traditions.
IMO, I don't bet that this stock will turn in a rocket any time soon, but I would follow it with monthly call options bought on any significant pull backs in stock price.
Right now, I am long on July 17th @$5 call options for $158.....
* 15 year monthly charts of Tata Motors
