Stock market analyst Hitendra Vasudeo of stockmechanics.com have suggested investors to ‘sell’ Tata Motors stock as there are full chances of a downward trend in this stock.

According to Mr. Vasudeo, investors can sell the stock around Rs 323-Rs 333.90 with a strict stop loss of Rs 343 to achieve a target that lies between Rs 303-Rs 272.

He also feels that Tata Motors would remain under high pressure due to existing market condition.

Today, (June 30), the stock of the company opened at Rs 316.90 on the Bombay Stock Exchange (BSE) on Friday. Current EPS & P/E ratio stood at 19.47 and 15.13 respectively. The share price has seen a 52-week high of Rs 446.20 and a low of Rs 122 on BSE.

Mr. Vasudeo also suggested that if the stock fell below Rs 268, it may see more weakness.

So the investors must sell Tata Motors stock in today’s session. After selling the stock, the interested investors can purchase the stock again at a low price, for medium term prospective to make good profits.

Tata Motors recorded its first annual loss in the last eight years owing to a significant fall in demand for vehicles from its newly acquired Jaguar Land Rover (JLR) division.

Tata motors, also known for manufacturing the world’s cheapest car (the Nano), recorded a net loss of $520 million for its 2009 fiscal year, with a $504 million loss at JLR.

During the 10 months since Tata bought JLR from Ford Motor Co., the division moved just 167,000 units as against 246,000 units in the same 10 month period the year before.

Mr. Ravi Kant, Tata’s Vice Chairman said that the auto manufacturer was continuing to search for ways to slash costs and he did not exclude job cuts and plant closures.

Tata’s fiscal calendar finished at the start of March, and Tata says JLR has posted better numbers since then.