Stock market analyst Sudhanshu Pandey has maintained 'buy' rating on Tata Motors Ltd stock to achieve a short term target of Rs 1050.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 980.

Today, the stock of the company opened at Rs 1015 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1055 and a low of Rs 430 on BSE.

Current EPS & P/E ratio stood at 51.12 and 19.85 respectively.

After a big gap of 16 months, giant Tata Motors dealerships will reopen booking for its cheapest model, Nano, by September's second week.

The company release said that those who are looking for Nano's diesel version have to wait for a period of 8 months.

The release added that the cars will be delivered by the next month (Oct 2010).

On August 29, Tata Motors inked a memorandum of understanding (MoU) with IndusInd Bank with the aim to finance its various passenger vehicles to offer its clients' an additional facility of finance.

The top functionaries of both the companies signed the MoU.