Buy Tata Motors With Target Of Rs 793

Buy Tata Motors With Target Of Rs 793Stock market analyst Sanjeev Agarwal has maintained 'buy' rating on Tata Motors Ltd stock with short term target of 793.

According to analyst, the investors can hold the stock stop loss of Rs 755.

The stock of the company, on July 02, closed at Rs 767 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 882.20 and a low of Rs 265.05 on BSE.

Current EPS & P/E ratio stood at 52.26 and 14.87 respectively.

Tata Motors recorded a 49.05% growth in its total sales during the last month at 67,730 units as against 45,440 units in the corresponding month of last year.

In the domestic market, the company's total passenger vehicles sales surged 63.22% at 27,811 units in June, as compared to 17,039 units in June 2009.

The company's exports during the last month increased by over two-fold at 5,128 units as against 2,156 units in June 2009.

During June 2009, the company sold 7,704 units of its cheapest car Nano.

IndusInd Bank and Tata Motors inked a deal, where IndusInd Bank will offer channel finance facilities to the dealers of Tata Motors.