3 Tata Group Stocks To Buy As Recommended By 3 Brokerages

Three brokerage firms have recommended investors to buy Tata Group stocks that can fetch them potential returns. These stocks are Tata Motors, TCS, and Indian Hotels Company. Recently TCS declared its quarterly earnings and Rs 9 per share dividend. All three stocks offered double digit returns to shareholders in last 1 year. Check details below:

1. Buy Tata Motors Share: LKP Securities has assigned buy call to Tata Motors share with target price of Rs 700-Rs 720 and keep the stop loss at Rs 660. According to the analyst, Tata Motors shares witnessed a fresh breakout from a sideways consolidation pattern, marked by a sharp surge in volumes on both smaller and larger time frames, confirming its bullish undertone. Momentum indicator RSI surpassed level of 60, reinforcing buy signal, added the brokerage firm.

Current market price of Tata Motors Share on BSE is Rs 667.15 per share with intraday gain of 4.76%. The stock hit 52-week high on October 13, 2023 and witnessed spurt in volume by over 2.16 times on October 10. The large cap auto stock has a market capitalisation of Rs 2,21,648.38 crore. Tata Motors share gave return of 42% in last 6-months, soared 69% YTD, and offered a rally of 67% in last 1-year.

Buy TCS Share: Motilal Oswal Financial Services has given buy rating to TCS share with target price of Rs 4060 per share. According to Motilal Oswal, "We maintain our positive stance on TCS. Our TP of INR 4,060 implies 28x FY25E EPS, with a 12% upside potential. We reiterate our BUY rating."

Last trading price of Tata Consultancy Services share on BSE is Rs 3570.30 per share with intraday gain of 0.79%. Its 52-week high price is Rs 3680.00 and 52-week low price is Rs 3053.30 per share, respectively. The company has a market capitalisation of Rs 13,06,391.11 crore. TCS stock surged 12% in last 6-months, gained 26% in last 3-years, and offered a rally of 86.11% in last 5-years. In last 10-years, TCS stock soared 236.18%. TCS shares gained 15% in last 1-year.

According to the BSE filing of the company dated October 11 the company announced second interim dividend of Rs 9 per equity share of Re 1 each of the company. The second interim dividend shall be paid on Tuesday, November 7, 2023, to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Thursday, October 19, 2023, which is the Record Date fixed for the purpose.

3. Buy Indian Hotels Company: Sharekhan appears upbeat on Indian Hotels Company stock and recommended investors to buy Indian Hotels Company shares with target price of Rs 492 per share. Last trading price of Indian Hotels Company share on BSE is Rs 414.60 apiece with intraday fall of 0.42%. Its 52-week high price is Rs 436.25 per share and 52-week low price is Rs 280.20 per share, respectively. It has a market capitalisation of Rs 58,889.80 crore.

In last 6-months, Indian Hotels Company share rallied 26%, soared 30% YTD, gained 31% in last 1-year, and jumped 353% in last 3-years.

According to Sharekhan, "We maintain IHCL as one of our top picks in the hospitality space. We have introduced FY2026E earnings estimates in this note. Stock trades at 21.9x/18.5x/15.5x its FY2024E/25E/26E EV/ EBIDTA. We maintain our Buy recommendation on the stock with a revised PT of Rs. 492 (rolling it over to September 2025 earnings)."

Disclaimer: The stocks have been picked from the brokerage report of Motilal Oswal, LKP Securities, and Sharekhan. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.