Technical analyst Alpesh Furiya maintained 'sell' rating on Tata Steel Limited stock with four-day targets of Rs 595 and 575.

According to analyst, the interested investors can sell the stock with a stop loss of Rs 640.

The analyst added that the stock is looking weak at the moment so it is advantageous to sell it at this time.

Today, the stock of the company opened at Rs 1584 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 737 and a low of Rs 448.65 on BSE.

Current EPS & P/E ratio stood at 76.06 and 8.06 respectively.

The company is trying hard not to weaken the promoter's holding share and yet lift up funds to fulfill its long -term requiremenst.

Tata Steel has decided to lift up around $500 million (Rs 2,290 crore) through issuance of bonds, preferably perpetual bonds.

As per sources, proposals to lift funds had been arranged firmly.

Another official privy to the fundraising plan stated, "The company has decided to go for perpetual bonds, as they are treated as equity capital and yet there is no dilution in the promoter's shareholding. A perpetual bond has no maturity date and is usually marked by interest payment through the life of an investor. However, the interest rates on such bonds are very high and have to be serviced 'forever'."

Tata Steel may roll out the issue by the next 3-6 month period.