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What: Shares of Indian carmaker Tata Motors
So what: Tata announced that it expects sales from its Ace family of light commercial vehicles to be up more than 50% from last year. In units, the company is expecting as many as 250,000 versus a tally of 160,000 last year.
Now what: Commercial vehicles are a key piece of Tata's business, so it's little surprise that talk of the hefty sales bump got investors excited. Tata's stock has been on an absolute tear since earlier in the year and has more than doubled since May. It seems as if the stock is overdue for a cooling off, but at the same time the valuation doesn't look overly pricey. While most U.S. investors are still busy kicking around GM
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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool’s disclosure policy assures you no Wookiees were harmed in the making of this article.