Sell Tata Motors At Rs 760

Sell Tata Motors At Rs 760Stock market analyst Hemen Kapadia has maintained 'sell' rating on Tata Motors Ltd stock with intra-day target of Rs 752.

According to analyst, the investors can sell the stock at Rs 760 with stop loss of Rs 764.

Today, the stock opened at Rs 761.60 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 52.26 and 14.55 respectively.

The share price has seen a 52-week high of Rs 882.20 and a low of Rs 265.05 on BSE.

Tata Motors Ltd is eyeing to make entry in the used car market in the country on a bigger scale.

Tata Motors is also making plans to make investment of around Rs 10,000 crores to make its manufacturing and product development plant in the country.

The company stated that it also has plans for increasing product range and boosting presence in India as well as abroad in both commercial and passenger vehicle segments.

During the last month, Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles stood at 67,730 vehicles, an increase of 49% as against 45,440 vehicles sold during the same period of 2009.

The company's domestic sales for June 2010 surged 45% at 62,602 units as against 43,284 units in June 2009.