Buy Tata Motors For Target Of Rs 835

Buy Tata Motors For Target Of Rs 835Stock market analyst Salil Sharma is of the view that investors can buy Tata Motors Ltd to achieve a short term target of Rs 835.

According to analyst, the investors can buy the stock with stop loss of Rs 790.

Today, the shares of the company opened at Rs 805 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 34.05 and 23.31 respectively.

Tata Motors has rolled out its Jaguar and Land Rover dealership in cooperation with Inline 4 Motors in Hyderabad, making it the fourth channel for JLR in the Indian market.

The company is eyeing the expanding luxury car market in Hyderabad.

The company already has two JLR outlets in Mumbai and one in New Delhi.

Tata Motors group sales, which included Tata, Tata Daewoo and Hispano Carrocera, Tata passenger vehicles and Jaguar and Land Rover, surged 50% during the last month to 79,819 units.

The sales of all commercial vehicles grew by 45% to 36,689 units, whereas sales of all passenger vehicles surged 54% to 43,130 units.

During the last month, JLR worldwide sales stood at 19,053 units, higher by 72%.