Actually, the title of this article should have been the I of BRIC, since I stands for India. The B is Brazil, the R is Russia, and C for China.
India is the most populous democracy in the world and the fourth largest economy in the world is by GDP purchasing power parity. India's automobile industry is the world's second-fastest growing, and it has increased domestic sales by 26% during the 2009 to 2010 time frame. Speaking of cars, did you see the $4.6 million Tata (TTM) Nano automobile? It is covered in gold.
Tata Motors trades at 27 times forward earnings and sports a yield of 2.5%. It has an extremely low price to earnings growth ratio of 0.14. Revenues for the latest quarter were up 24% with flat earnings. Tata also makes and markets utility vehicles, trucks, buses, and defense vehicles. It produces gasoline, electric and hybrid vehicles.
There are several other India stocks that provide dividends. They can be found on the free list of Indian stocks developed by WallStreetNewsNetwork.com. For example, ICICI Bank Ltd. (IBN), the second largest bank in India and the largest private sector bank in India based on market capitalization, yields 1.6% and has a forward price to earnings ratio of 16. Quarterly earnings jumped 16.9% on a revenue gain of 16.8% for the latest quarter.
Wipro Ltd. (WIT) is a semi-conglomerate, which sells software services, computer hardware such as computers, servers, and laptops, and personal care products, and lighting products. It has also invested in renewable energy projects. The stock has a yield of 1.9% and a forward PE of 16. Earnings for the latest quarter were up 1.2%.
To access a free recently updated list of the India stocks that trade in the United States, almost half of which pay dividends, go to WallStreetNewsNetwork.com.
Disclosure: Author didn't own any of the above at the time the article was written.
By Stockerblog.com
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