Dividend Up To Rs 15/Share: 4 Tata Stocks To Buy/Sell As Recommended By Top Analysts

Leading analysts have recommended investors to buy 4 Tata Group stocks after quarterly results that will soon offer dividend and trade ex-dividend beginning from the month of June. These 4 stocks are Tata Technologies Ltd, Tata Power Co. Ltd, Indian Hotels Co.Ltd., and Tata Chemicals. More details below:

1. Buy Tata Technologies Share: Last trading price of Tata Technologies Ltd share on BSE is Rs 1085.40 per share with intraday gain of 3.4% on BSE. The Board of Directors of Tata Technologies on May recommended final dividend of Rs 8.40 per share and special dividend of Rs 1.65 per equity share of Rs 2 each of the company. The company fixed June 13, 2024 as the record date for final and special dividend. The 52-week high price of Tata Technologies share on BSE is Rs 1400.00 per share (as on 30/11/2023) and 52-week low price is Rs 1004.15 per share (as on 13/05/2024). Tata Technologies shares gained 3.76% in last 1-week and over 7% in last 2-weeks.

Brokerage firm ICICI Securities has recommended buy call to Tata Technologies shares with target price of Rs 1,330 per share. According to the analyst, Tata Technologies is well-positioned in the fast-growing auto-engineering, research & development (ER&D) segment, which is outpacing traditional IT services.

2. Buy Tata Power Share: The Board of Tata Power recommended a final dividend of Rs 2.00 per Equity Share of Re 1 each (@ 200%). The record date for Tata Power dividend is July 4, 2024. Tata Power stands out as the most comprehensive RE platform. Tata Power seeks to double its RE capacity in coming 2-years and is nearing the commissioning of 4GW of cell and module capacity, holding a 13% market share in the rooftop solar market.

Last trading price of Tata Power share on BSE is Rs 447.35 per share. Tata Power shares gave return of 73% in last 6-months and 116% in last 1-year. The 52-week high price of Tata Power Company share on BSE is Rs 464.30 per share (as on 03/05/2024) and 52-week low price is Rs 201.75 per share (as on 19/05/2023), respectively.

ICICI Securities has recommended buy call with target price of Rs 490 per share.

3. Buy Indian Hotels Share: As per the regulatory filing of the company April 24, 2024, the company recommended a dividend of Rs 1.75/- per Equity Share of Re 1/- each. Record date for Indian Hotels dividend is June 7, 2024. The 52-week high price of Indian Hotels share on BSE is Rs 622.25 per share (as on 04/04/2024) and 52-week low price is Rs 371.45 apiece (as on 27/10/2023), respectively. Current market price of Indian Hotels shares on BSE is Rs 569.70 per share. Indian Hotels share fell over 6% in last 1-month, gave return of over 52% in last 1-year, and soared 152% in last 2-years.

Motilal Oswal has recommended buy call with target price of Rs 680 per share.

4. Sell Tata Chemicals Share: Last trading of Tata Chemicals share on BSE is Rs 1083.75 per share. The 52-week high price of Tata Chemicals share on BSE is Rs 1349.70 per share (as on 07/03/2024) and 52-week low price is Rs 927.25 per share (as on 29/02/2024), respectively. Tata Chemicals shares declined over 3% in last 1-month, gained 11% in last 3-months, fell 3% YTD. Tata Chemicals offered 10% return in last 1-year and 303% return in last 5-years. Tata Chemicals recommended a dividend of Rs 15/- per Ordinary Share of Rs 10/- each (150%) for the Financial Year ended March 31, 2024 and fixed Wednesday, June 12, 2024 as the Record Date.

Kotak Institutional Equities issued sell rating on Tata Chemicals shares with target price of Rs 770. As per the analyst, "The company reported weak earnings for 4QFY24, as expected, amid pricing pressure on soda ash across geographies. Earnings seem likely to remain near current run-rates through most of FY2025 in the context of continued oversupply; the large impairment charge in the UK is perhaps an indication."

Disclaimer: The stocks have been picked from the brokerage report of ICICI Securities, Kotal Institutional Equities, and Motilal Oswal. 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.