Technical analyst Alpesh Furiya is bearish on Tata Motors Limited and has maintained 'sell' rating on the stock with a target of Rs 1080.

According to Furiya, the investors can sell the stock at Rs 1135 with a stop loss of Rs 1165.

The analyst said that it is better to sell the stock at this time to avoid loss.

He also said that there are full chances of stock to go down in the coming days.

After selling the stock, the interested investors can buy the stock again to reap gains in the medium or long term.

Today, the stock of the company opened at Rs 1128.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1381.40 and a low of Rs 684.20 on BSE.

Current EPS & P/E ratio stood at 44.34 and 25.66 respectively.

Tata Motors will raise the prices of its cars by around 2% from April 1.

In Passenger cars section, hinging upon the model, Indica rates will surge by around Rs 7000 to Rs 9000.

The costs Vista and Indigo CS will increase by Rs 8000 to Rs 11000 and Manza by Rs 10000 to Rs 15000.

Under Utility Vehicles section, hinging upon the model, Sumo rates will increase by Rs 13000 to Rs 15000, Grande by Rs 16000 to Rs 19000, Safari by Rs 18000 to Rs 29000, Aria by Rs 30000 to Rs 36000 and Venture by Rs 9000 to Rs 12000.

The other car manufacturers comprising Maruti Suzuki and Hyundai are also eyeing price hikes.

The majority of the car manufacturers raised costs by 1-2% during January and another round of cost increase is being started as there is no relief in increase in prices of key raw materials including steel and rubber.

As per a declaration from Tata Motors, "Despite continuous cost control initiatives, the company is being forced to take these increases on account of steep rise in input costs."

Mayank Pareek, executive director, sales & marketing, Maruti Suzuki satted, "We are mulling about it."