Technical analyst Ambareesh Baliga of Karvy Stock Broking has maintained 'sell' rating on Tata Motors Limited stock with a target of Rs 1000-975.

Mr. Baliga added that it is better to sell the stock at this time as it looks weak.

He also said the investors can re-enter the stock at the same level (Rs 1000-975) with a long-term view.

As per recent reports, Tata Motors stock is declining and the gains are dissolving.

At this time, investment in auto sector looks risky.

Today, the stock of the company opened at Rs 1180.50 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 26.18 respectively.

Tata Motors Group worldwide wholesales, comprising Jaguar Land Rover, remained at 90,294 during the last month, which showed an increase of 21% as against the same period of 2009.

Company's cumulative sales during the financial year (April - December 2010) stood at 768,834, up by 29% as against the same period during 2009.

Tata Motors is making discussions with a Canadian firm for its second generation gearless Nano.

Benoit-Jean Bernard, director Quebec office, Counsulate General of Canada in Mumbai stated that the company has made a big investment in Canada's Quebec province and is in the middle of inking a contract for supplying parts for gearless Nano with C-tech.

According to Bernard, the two firms have been working mutually for the last two years on the said project.