Buy Tata Motors With Stop Loss Of Rs 1060

Buy Tata Motors With Stop Loss Of Rs 1060Stock market analyst Salil Sharma has maintained 'buy' rating on Maruti Suzuki India Limited stock with a target of Rs 1088.

The strict stop loss for the stock is Rs 1060.

The stock of the company, on Sep 22, closed at Rs 1412.75 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 20.98 respectively.

The country's biggest auto company is making attempts to strengthen its popular small car brand 'Nano' to diesel.

The novel edition of the world's cheapest car will have a strong 1000 cc diesel engine in place of the 623 cc engine available in the existing car models.

With diesel edition, Tata Motors is considering models in the higher price range.

As per sources, the company will be ready with complete pattern for diesel growth by the end of this year.

The reports also said that the company is considering major increase in the costs of Indica and Indigo in order to save its profit margins that are getting eroded by growing input costs.

The novel rates of Tata cars would be applied by the coming month (Oct 2010).