Stock market analyst Simi Bhaumik has maintained 'buy' rating on Tata Motors stock with target of Rs 823.

According to analyst, the investors can buy the stock with stop loss of Rs 788.

The analyst added that the investors can achieve the said target in 2-3 trading sessions.

Today, the stock opened at Rs 800 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 882.20 and a low of Rs 265.05 on BSE.

Current EPS & P/E ratio stood at 34.05 and 23.64 respectively.

Tata Motors group sales comprising Tata, Tata Daewoo and Hispano Carrocera, Tata passenger vehicles and Jaguar and Land Rover, climbed up 50% during the last month (May 2010) to 79,819 units as against the corresponding period of the last year.

Sales of all commercial vehicles grew 45% to 36,689 units, whereas sales of all passenger vehicles increased by 54% to 43,130 units.

JLR global sales during the last month surged 72% to 19,053 units.

Jaguar sales grew by 34% to 5,120 units whereas Land Rover sales zoomed 93% to 13,933 units.

With the intention to cash in on the flourishing travel business and ITeS segment, Tata Motors has rolled out a new offering in the Winger range, the Tata Winger Platinum, in Chandigarh.

The Tata Winger Platinum is a comfy 7-seater, specifically designed to offer up a bettered on-road experience with a wonderful blend of comfort as well as space.