Long Term Buy Call For Tata Motors

Long Term Buy Call For Tata MotorsStock market analyst Devang Visaria has maintained 'buy' rating on Tata Motors stock with a target of Rs 1150.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 1027.

The stock of the company, on Sep 08, closed at Rs 1031.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1060.70 and a low of Rs 530.10 on BSE.

Current EPS & P/E ratio stood at 51.12 and 20.20 respectively.

According to fresh reports, Tata Industries has raised its equity stake in Tata Power and Tata Motors via open market deals valued at Rs 700 crore.

The reports added that Tata Group Company has raised its holding stake in Tata Motors by an extra 0.92% and in Tata Power by an additional 0.71%.

Tata Motors announced that it would roll out 0.5 tonne truck by the fourth quarter of the existing financial year (2010-11).

The novel variant in the Ace family of small commercial vehicles will hit markets by January next year.

With the launching of its new variant, the company will tap the rustic demand for small vehicles.