Buy Tata Motors With Stoploss Of Rs 375: Ashwani Gujral

Buy Tata Motors With Stoploss Of Rs 375: Ashwani GujralStock market analyst Ashwani Gujral maintained ‘Buy’ rating on Tata Motors to achieve a short term target between Rs 350 – Rs 375.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 288.

Today (July 20), the shares of the company opened at Rs 318.10 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 19.47 & 16.15 respectively. The share price has seen a 52-week high of Rs 446.20 and a low of Rs 122 on BSE.

Tata Motors, on July 20, said that it has threatened to scrap its plan to roll out Vista electric cars in United Kingdom if it does not obtain a 10 million pounds loan from Jaguar and Land Rover deal the British government soon.

At a special function in Mumbai, chairman of Tata Motors Ratan Tata, handed over the keys of the world’s cheapest car, ‘Nano’ to Ashok Vichhare, who has become the first proud owner of the car.

Ashish Balakrishanan became the second owner whereas the third car was given to the Indian division of Corus India, Tats’s steel company.

Tata Motors, on July 07, has signed a contract with Bangalore headquartered Canara Bank for funding of Fiat cars available via the Tata-Fiat dealer network.

It is discovered that with the said agreement, clients can obtain loans up to 90% of the `on-road cost`, for terms ranging up to 7-years carrying an interest rate of 11% for new Fiat cars from the Linea, Palio and the newly launched Grande Punto range.    

Tata Motors said it will roll out `Nano` in Nigeria by the next 18 months, previous to its planned launch in the European market.

For the base model, Nano would cost around NGN 360.

Mr. Sudeep Ray, a senior official of Tata Africa Nigeria stated, “Tata Motors will make the Nano available in Nigeria in the next one year to one and a half years.”

Tata Africa Nigeria is a division of Tata Africa, the Indian auto major`s African venture.