Technical analyst Prabir Kumar Sarkar of SPA Securities has maintained 'buy' rating on Tata Motors Limited stock with a target of Rs 1148.

According to analyst, the stock can be purchased above Rs 1116 with a stop loss of Rs 1097.

The analyst said that the said target can be attained in 1-2 trading sessions.

The stock of the company, on February 02, closed at Rs 1110.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1381.40 and a low of Rs 668.70 on BSE.

Current EPS & P/E ratio stood at 44.89 and 25.16 respectively.

Tata Motors' overall sales (comprising exports) of Tata commercial and passenger vehicles during the last month of 2011 remained at 75,423 vehicles, an increase of 15% as against 65,478 vehicles sold during January last year.

For January 2011, the company's Indian sales of Tata commercial and passenger vehicles stood at 70,475 vehicles, up 13% as compared to 62,202 vehicles in January 2010.

Cumulative sales comprising export figures for the fiscal remained at 642,416 vehicles, up 29%, as against 498,109 vehicles last year.

In January 2011, Tata Motors' sales of commercial vehicles in India stood at 40,263, up 12%, as against 35,957 vehicles sold in January last year.

LCV sales remained at 23,776, up 17% over January 2010.