Stock market analyst Ashwani Gujral has maintained 'buy' rating on Tata Motors Limited stock with a target of Rs 1080.

The strict stop loss for the stock is Rs 1045.

The stock of the company, on Sep 14, closed at Rs 1065 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1067.50 and a low of Rs 530.10 on BSE.

Current EPS & P/E ratio stood at 51.12 and 20.52 respectively.

Tata Motors is ready to roll out 0.5 tonne truck by the last quarter of the subsisting financial year.

The novel member in the Ace group of small commercial vehicles will hit the markets in January next year.

The company is eyeing to cover up the rustic demand for small vehicles and pick-ups with its forthcoming model.

Tata Motors Ltd is establishing divisions in key abroad markets, eyeing to raise its existence and lend greater focus to its operations in the overseas market.

On a consolidated basis, the company has recorded a net profit of Rs 1988.73 crore for the three month period ended June 2010 as against a net loss of Rs 328.78 crore for the first quarter of 2009.

Net sales climbed 64.2% to Rs 26876.08 crore during the period under review.