Stock market analyst Rajeev Agarwal of Dynamix Research has maintained 'buy' rating on Tat Motors Limited stock with a short term target of Rs 1120.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 1065.

The stock of the company, on Sep 29, closed at Rs 1106.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1109.85 and a low of Rs 530.10 on BSE.

Current EPS & P/E ratio stood at 51.12 and 21.29 respectively.

Tata Motors is all set to roll out a Nano variant, Nano Plus, for its customers by the coming year.

The company stated that it will going to be an improved edition of the world's cheapest car with a 1000 cc engine together with sport ABS, alloy wheel, integrated music system and augmented interiors.

The Nano variant is expected to challenge the Maruti Alto and Chevrolet Spark.

The company has not given any information regarding the price of Nano's variant.

Tata Group's worldwide sales during the last month (August 2010) increased by 29% to 85,114 units.

Tat Motors said that Jaguar Land Rover (JLR) sold 16,220 units during the previous month, which was 29% up as against the same period of last year.

Tata car sales, comprising those distributed, remained up by 35% at 28,012 units during last month.

The sales of all commercial vehicles hit the mark of 40,882 units in August, an increase of 25