Stock market analyst Sharmila Joshi of Emkay Global is of the view that investors can hold Tata Motors Ltd stock for short term.

According to analyst, the investors can exit on rally to around Rs 800-900.

Today, the shares of the company opened at Rs 785 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 22.73 respectively.

Tata Motors announced that it will lift up around Rs 4700 crore via debt and equity to fund the company's development plans and reduce arrears on its balance sheet.

Tata Motors, whose directors sanctioned the fund-raising plan, stated that it will lift around the money in one or more portions in the domestic and/or global market areas.

As on March 2010, the company had a consolidated debt of Rs 18,800 crore.

The auto manufacturer also sought authorization of stockholders to lift its borrowing limit to Rs 30,000 crore from the existing Rs 20,000 crore.

On June 25, the country's biggest truck manufacturer, Tata Motors celebrated the fifth birthday of its mini truck Ace.

Since its introduction, Tata Motors managed to sell around 5 lakh units of Ace mini trucks.

Completely aware of the rivalry hotting on its heels, the company is now making a series of new vehicle launches.