Buy Tata Motors With Stop Loss Of Rs 1149

Buy Tata Motors With Stop Loss Of Rs 1149Technical analyst D Prasad has maintained 'buy' rating on Tata Motors Limited stock with a target of Rs 1189 in 2-3 trading sessions.

According to analyst, the investors can buy the stock above Rs 1165 with a stop loss of Rs 1149.

Today, the stock of the company opened at Rs 1171 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1381.40 and a low of Rs 684.20 on BSE.

Current EPS & P/E ratio stood at 44.34and 26.26 respectively.

Tata Motors is eyeing to launch the Vista EV in the European market in the forthcoming months.

If reports are to be trusted, Denmark, Norway and the UK are the first three nations to get Vista EV.

During December last year, the company declared that around 12 units will be introduced on European streets during this year, generally for testing purposes.

In February 2011, the company said that its monthly sales surged 11.69% to 77,543 units as against 69,427 units sold during the corresponding period of 2010.

The company's overall passenger vehicles sales in India zoomed 18.25% to 31,909 units as against 26,985 units during the same period of 2010.