Long Term Buy Call For Tata Motors

Long Term Buy Call For Tata MotorsTechnical analyst Kunal Bothra of LKP Shares has maintained 'hold' rating on Tata Motors Limited stock with a short term target of Rs 1500.

The analyst said that the stock can be purchased with a stop loss of Rs 1100.

The stock of the company, on December 28, closed at Rs 1267.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1381.40 and a low of Rs 668.70 on BSE.

Current EPS & P/E ratio stood at 44.89 and 28.46 respectively.

Tata Motors, on Dec 10, announced a host of benefits on the Tata Nano, as it intensifies its customer reach-out schemes to swell open sales of the world's smallest car across India.

Now, the Tata's smallest car will come with a 4-year / 60,000-km (whichever is earlier) maker's warranty, without ay additional cost.

Besides being applicable on fresh deliveries, the warranty is also being extended to all subsisting possessors of the car.

On Dec 08, the company rolled out a novel offering, the Tata Winger Platinum, in the Mumbai market.

The Tata Winger Platinum is a comfy 7 seater, which is especially made to offer up a heightened on-road experience with a ideal blend of ease and space.

Total sales comprising exports of Tata commercial and passenger vehicles during the last month remained at 54,622 vehicles, an increase of 1% as against 54,108 vehicles sold during the same period of 2009.