when a country's stock market gets crushed due to wider economic concerns, some promising often stocks get unfairly punished. Here are five foreign companies whose shares are trading now at attractive prices, along with explanations for why they're such bargains.
There was plenty of buzz behind MakeMyTrip when India's largest travel website went public two years ago. The stock soared far beyond what the company's outlook could have justified. Now, the laws of finance and physics have kicked back in, and the stock price is crashing back down to Earth.
Tata is India's leading maker of cars and trucks, and its American Depositary Receipts, or shares that trade on the New York Stock exchange, have been on fire. They've hit $30 per ADR, up from $16 last May. They could have room to run higher.
