Stock market analyst Salil Sharma has maintained 'buy' rating on Tata Motors Ltd stock with a target of Rs 1100.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 1075.

The stock of the company, on Sep 24, closed at Rs 1070.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1089.30 and a low of Rs 530.10 on BSE.

Current EPS & P/E ratio stood at 51.12 and 21.17 respectively.

Tata Motors announced that it is eyeing to roll out its new multi utility vehicle, Tata Aria by October in the Indian market.

The novel Aria will come with improved safe traits such as six air-bags and ESP and is the trial product in the Indian market.

The company could also make the most of the forthcoming festive period with the launch by October.

Moreover, the company is all set to roll out the diesel version of its cheapest model 'Nano.'

The company's sources said that the company will be geared up with complete blueprint for diesel expansion by the end of existing year.

The company said, "We are developing a two-cylinder diesel engine for the Tata Nano. We will give ourselves the time that is required to develop and refine the engine to our satisfaction. It is premature to speak on the details."