Stock market analyst Pradeep Surekha is of the view that investors can sell Tata Motots Ltd stock with a target of Rs 780.

According to him, investors can sell the stock with a strict stop loss of Rs 804.

If the stock fell below Rs 774, it may see more weakness.

Today, the stock opened at Rs 799.70 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 842 and a low of Rs 230 on BSE.

Current EPS & P/E ratio stood at 34.05 and 23.68 respectively.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

Carl-Peter Forster, the newly appointed Tata Motors CEO, who is also looking after luxury brand Jaguar Land Rover has reported that the company might close one of its manufacturing facilities in United Kingdom. Most likely, the facility in Solihull or Bromwich will confront the axe as the plant in Merseyside is going to survive for sure.

The worldwide sales of Tata Motors Group, including Tata, Tata Daewoo and Hispano Carrocera array of commercial vehicles, Tata passenger vehicles together with distributed brands in India, and Jaguar and Land Rover, saw an increase of 39% at 101,712 nos. during the last month over March 2009.

Cumulative sales for the financial (April 2009 - March 2010) surged 19% to 872,951 as compared to the corresponding period of last year.

Sales of all passenger vehicles were 53,776 nos. during March 2010, an increase of 28%. Cumulative sales for the financial are 459,894 nos., an increase of 6%.

Tata passenger vehicle sales, comprising those distributed, stood at 30,238 nos. for March 2010, an increase of 18%. Cumulative sales for the fiscal are 265,912 nos., a growth of 24%.