Technical Analyst Ashwani Gujral has maintained 'buy' rating on Tata Motors stock to achieve a medium term target of Rs 870.

According to Mr. Gujral, interested traders can purchase the stock with a stop loss of Rs 785.

Today, the shares of the company opened at Rs 820 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 882.20 and a low of Rs 255 on BSE.

Current EPS & P/E ratio stood at 34.05 and 23.51 respectively.

On May 10, Tata Motors Ltd decied to lift up INR1 billion by selling bonds.

Tata Motors total sales (including exports) of Tata commercial and passenger vehicles during the last month stood at 57,202 vehicles, an increase of 52% over 37,518 vehicles sold during April last year (2009).

Tata Motors's domestic sales of Tata commercial and passenger vehicles for the last month stood at 54,065 units, up 49% from 36,257 units in April 2009.

In the domestic market, the company's sales of commercial vehicles during April 2010 were 30,963 units, an increase of 36% growth as against 22,847 vehicles sold in April 2009. LCV sales stood at 17,806 units, up 20% over April 2009.

M&HCV sales were 13,157 units, up 63% over April 2009.

The company's sales from exports at 3,137 vehicles during the last month recorded a rise of 149% as against 1,261 vehicles in April 2009.