Sell Tata Motors With Stop Loss Of Rs 860

Sell Tata Motors With Stop Loss Of Rs 860Stock market analyst Rajesh Satpute is of the view that investors can 'sell' Tata Motors Ltd stock with target of Rs 810 in 3-4 trading sessions.

According to analyst, the interested investors can sell the stock with stop loss of Rs 860.

Today, the shares of the company opened at Rs 843.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 882.20 and a low of Rs 401 on BSE.

Current EPS & P/E ratio stood at 52.26 and 16.46 respectively.

Tata Motors is making plans to launch new fuel efficient cars and hybrid vehicles in growing market areas and considering methods to increase sales of Jaguar and Land Rover in the Chinese as well as Indian market.

In India, Tata Motors will launch a new cross-over vehicle, two new passenger vehicles and a novel variety of heavy trucks.

"The current range of vehicles has seen resurgence in demand, and the challenge before the company today is to deliver enough vehicles to meet market demand," the company said.

The country's biggest commercial vehicle manufacturer, Tata Motors recorded an increase of 41% in July sales at 67,799 vehicles as compared to 48,054 vehicles in July last year.