Buy Tata Motors For Intraday Target Of Rs 1140

Buy Tata Motors For Intraday Target Of Rs 1140Technical analyst Anil Singhvi maintained 'buy' rating on Tata Motors Limited stock with an intra-day target of Rs 1140.

According to analyst, the stock can be bought with a stop loss of Rs 1055.

The stock of the company, on Feb 09, closed at Rs 1077.35 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 24.38 respectively.

The newest edition of Tata Motors' sedan Manza, packed with a variety of novel traits, has been launched.

The reports said that the new Tata Manza would cost from Rs 5.14 lakh for the Safire petrol series and from Rs 5.91 lakh for the Quadrajet diesel array.

Fitted with a 90PS Safire petrol and Quadrajet diesel engines, the new car purrs power with top of the line security and safety traits.

Tata Motors is the country's biggest ato making firm, with consolidated income of $20 billion during 2009-10.

The company stated that its sale volume for January 2011 remained up by 15% with 75423 units as compared to 65478 units of the same period of 2010.

The volume in India stood at 30212 units that showed a surge of 15% as against the numbers recorded during the same period of 2009.

The world cheapest car Nano discovered 6703 owners in January, registering an increase of 68%.