Sell Tata Motors With Stop Loss Of Rs 880

Sell Tata Motors With Stop Loss Of Rs 880Stock market analyst Rajesh Satpute is of the view that investors can 'sell' Tata Motors Ltd stock with target of Rs 832.

According to analyst, the interested investors can sell the stock with stop loss of Rs 880.

Today, the shares of the company opened at Rs 859.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 882.20 and a low of Rs 388.60 on BSE.

Current EPS & P/E ratio stood at 52.26 and 16.23 respectively.

Indian auto giant Tata Motors is all set to launch a heavy commercial vehicles plant in Myanmar.

The company inked a deal with nationalized Myanmar Automobile & Diesel Industries Ltd (MADIL), to establish a heavy truck facility at Magwe.

The facility would be making approximately 1,000 HCVs each year primarily that could climb to 5,000 units later.

Tata Motors corporate communications head Debasis Ray stated, "We will set up a heavy commercial vehicle plant on a government of India credit line. It will assemble Tata trucks out of kits being sent from here."