Stock market analyst Somil Mehta of Sharekhan has maintained 'buy' rating on Tata Motors Ltd stock with intra-day target of Rs 795.

According to analyst, the investors can buy the stock with stop loss of Rs 760.

The stock of the company, on July 09, closed at Rs 770.60 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 52.26 and 15.07 respectively.

The share price has seen a 52-week high of Rs 882.20 and a low of Rs 265.05 on BSE.

In a declaration, Tata Motors said that it will jointly create engines and vehicles along with its UK arm, Jaguar Land Rover, by the two years after the acquirement of the British marques.

The company said, "Initiatives have been taken on joint development programmes for engines, vehicles and platforms, which would leverage skills of the company (TATA Motors) and Jaguar Land Rover, resulting in synergies in operations of the company and its subsidiary."

As part of its plan to strengthen domestic as well as global footprints, the company announced that it would invest approx Rs 10,000 crore by the coming 2-3 years on product growth, plant modernization and other capital expenditure purposes.

Moreover, the company stated that it has plans for amplifying product range and boosting its attendance in India as well as abroad in both commercial and passenger vehicle section.