4 Tata Group Stocks To Buy After Q3 Results As Recommended By Top Brokerages

Leading brokerage firms ICICI Securities, Axis Securities, and Motilal Oswal have recommended investors to buy four Tata Group stocks. These stocks are Trent, Titan Company Ltd, Tata Steel, and Tata Consumer Products. Some of these stocks offered multibagger returns in last few months. Check details below:

1. Buy Tata Steel Shares: Leading brokerage firm Axis Securities has assigned buy call to Tata Steel shares with target price of Rs 150 apiece. Current market price of Tata Steel shares on BSE is Rs 141.30 apiece with intraday fall of 1.67%. If you buy Tata Steel shares now, you can get likely upside of 6.16%. Tata Steel shares surged over 18% in last 3-months, rallied 27% in last 1-year, and offered return of 101% in last 3-years.

The company for the quarter ended December 31, 2023 declared its consolidated total income at Rs 55539.77 Crore, down .66 % from previous quarter total income of Rs 55910.16 crore. It declared its net profit after tax at Rs 448.74 crore in the latest quarter.

2. Buy Titan Company Ltd Shares: Motilal Oswal has assigned buy call to Titan Company shares with target price of Rs 4200 apiece. Last trading price of Titan Company shares on BSE is Rs 3590.60 apiece with intraday gain of 1.17%. If you buy Titan Company shares now at last trading price, you can get likely return of 16.97%. Titan Company shares fell 5% in last 2-weeks. Titan Company stock rallied 46% in last 1-year and offered return of 130% in last 3-years.

The company for the quarter ended December 31, 2023 declared its consolidated total income at Rs 14300.00 crore, up 13.02 % as against the last quarter total income of Rs 12,653 crore. It announced its net profit after tax at Rs 1053.00 crore in recent quarter.

3. Buy Tata Consumer Products Shares: ICICI Securities has suggested investors to buy Tata Consumer Products shares with target price of Rs 1360 apiece. Last trading price of Tata Consumer Products on BSE is Rs 1131.40 apiece with intraday fall of 0.62%. If you buy Tata Consumer Products shares now, you can obtain likely return of 20.21%. Tata Consumer Products shares soared 57% in last 1-year and gained 89% in last 3-years.

The company for the quarter ended December 31, 2023 declared its consolidated total income at Rs 3863.51 crore, up 1.04% as against Rs 3823.61 crore reported in last quarter. Its net profit after tax declared at Rs 315.53 crore in the latest quarter.

4. Buy Trent Shares: Motilal Oswal has recommended investors to buy large cap Tata Group stock Trent Ltd with target price of Rs 4200 after the company announced healthy Q3 results. Current market price of Trent shares on BSE is Rs 3758.20 apiece with intraday fall of 2.20%. If you buy Trent shares now, you can fetch potential return of 11.76%. Trent shares offered return of return of 110% in last 6-months and 180% in last 1-year.

Trent declared a jump of 124% year-on-year (YoY) in its consolidated net profit to Rs 374.36 crore as against Rs 167 crore in the corresponding quarter of last year.
As per the BSE filing of the company issued yesterday, revenue of Trent for December 2023 quarter jumped to Rs 3466 crore, up 50.5% from Rs 2303.4 crore in the same quarter of last year. Trent announced its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) soared 95% to Rs 629 crore. Margin declared at 18% as against 14% in the year ago period.

Disclaimer: The stocks have been picked from the brokerage reports of Motilal Oswal, ICICI Securities, and Axis Securities. Greynium Information Technologies, the Author, and the respective Brokerage Houses 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.