Analysts see major upside potential in these 5 Tata Group stocks
Tata Group Stocks: Brokerages identify five Tata Group stocks with good returns. These stocks are gaining attention from analysts and investors as they are backed by strong fundamentals and growth prospects. Take a look.
Indian Hotels
After the results of Indian Hotels, brokerage house Axis Securities has given a BUY rating. The target price is Rs 800. The stock can see an upside of 16.28 per cent from the current price. According to the brokerage, the Q2 results of the Tata Group company have been better than expected. The standalone domestic business has grown by 15.9% on an annual basis.
Tata Steel
Axis Securities has given a BUY recommendation on Tata Steel. The target price is Rs 175. The stock can give a return of 16 per cent from the current price. According to the brokerage report, Tata Steel performed well in the second quarter. Revenue and EBITDA were better than expected. Indian operations remained strong while the European market declined. The company's profits increased due to low expenses.
Titan
Prabhudas Lilladher has given a BUY recommendation on Tata Group company Titan Company. The target price is Rs 3,670. The stop loss is Rs 2,900. The stock can rise to 15 per cent from the current price. According to the brokerage, Titan's stock has seen a good correction from the 3870 zone and consolidation has been seen at the low of 3130. Due to the reduction in customs duty, Titan's profit decreased by 23 per cent in the second quarter.
Trent
Axis Securities has recommended BUY on Tata Group Stocks Trent. The target price is Rs 7,450. The stock can show an upside of up to 15 per cent from the current price. According to the brokerage report, it looks strong despite weak consumer sentiment. Revenue grew 39.6 per cent YOY to Rs 4,036 crore in the second quarter. Trent can deliver strong numbers compared to its competitors despite the challenging environment. There is double digit growth in fashion format due to expansion in stores.
Tata Motors
Global brokerage Macquarie has given an outperform rating to Tata Group's auto company Tata Motors. The target price is set at Rs 1,278. The stock may see an upside of 62 per cent from the current price. During the September quarter, both the company's profit and income declined. The brokerage believes that a revival can be seen in the second half.
(Disclaimer: Here the brokerage has advised to buy the stock. These are not the views of Zee Business. Consult your advisor before investing.)
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