4 Tata Stocks To Buy, Add As Recommended By Motilal Oswal, ICICI Securities

Leading brokerage houses Motilal Oswal and ICICI Securities have recommended investors to buy, add 4 Tata Group stocks. These stocks are Voltas, Tata Communications, Tata Consumer Products, and Tata Consultancy Services. Check details pertaining to these stocks below:

1. Buy Voltas: Last trading price of Voltas Ltd share on BSE is Rs 1005.20 apiece as on January 25, 2024 with intraday fall of 2.60%. Motilal Oswal has assigned buy call to Voltas share with target price of Rs 1150 apiece. If you buy Voltas shares now at last trading price of Rs 1005.20 apiece, you can fetch likely gain of 14.41%. The company has a market capitalisation of Rs 33,260.53 crore.

Voltas operates in Household Appliances industry. Voltas shares declined 4.76% in last 2-weeks and offered return of 33% in last 1-year. In last 10-years, Voltas shares soared 863%. The company informed on January 16 about its meeting of the Board of Directors of the Company to be held on Tuesday, 30th January, 2024 to consider and approve the Unaudited Financial Results of the Company (Standalone and Consolidated) for the quarter and nine months period ended 31st December, 2023.

2. Add Tata Communications: ICICI Securities has suggested investors to add Tata Communications shares with target price of Rs 1900 apiece. Last trading price of Tata Communications shares on BSE is Rs 1715.65 apiece with intraday fall of 0.74%. If you add Tata Communications stock now, you can fetch likely return of 10.75%. Tata Communications has a market capitalisation of Rs 48,896.03 crore.

Tata Communications shares soared declined 3.34% in last 1-week and fell 2.89% year-to-date. Tata Communications shares 34% in last 1-year and rose 443% in last 5-years. In last 10-years, Tata Communications stock jumped 805%.

Tata Communications's Q3 net profit fell and missed analysts' estimates. As per the BSE filing of Tata Communications, net profit of Tata Communications declined 79.6% to Rs 45.1 crore and total expenses surged 15% sequentially to Rs 5,305.47 crore. The company Q3 FY24 revenue surged 15.6% QoQ to Rs 5,633.3 crore and EBITDA rose 11.7% QoQ to Rs 1134.3 crore.

3. Buy Tata Consumer Products: Motilal Oswal has assigned buy rating to Tata Consumer Products shares with target price of Rs 1350 apiece. Last trading price of Tata Consumer Products shares on BSE is quoted at Rs 1136.65 apiece with intraday fall of 1.91%. If you buy Tata Consumer Products shares at last trading price of Rs 1136.65 apiece, you can obtain potential gain of 18.77%. Tata Consumer Products has a market capitalisation of Rs 1,05,596.11 crore. Tata Consumer Products shares jumped 31% in last 6-months, soared 54% in last 1-year, and rallied 98% in last 3-years. In last 5-years, Tata Consumer Products stock soared 449%.

Recently, as per the BSE filing of Tata Consumer Products dated Jan 23, Tata Consumer Products informed of CARE Ratings Limited. Tata Consumer Products received Care A1+ rating for short term instruments- CP/Short term loan, Care A1+ rating for Short term instruments - CP/short term loan, and Care A1+ rating for Short term instruments - commercial papers.

4. Buy Tata Consultancy Services: Motilal Oswal has assigned buy call to Tata Consultancy Services shares with target price of Rs 4250 apiece. Last trading price of Tata Consultancy Services shares on BSE is Rs 3808.20 apiece with intraday fall of 1.03%. The company has a market capitalisation of Rs 13,93,439.94 crore. Tata Consultancy Services shares declined 2.44% in last 1-week. TCS shares soared 11% in last 1-year and rose 98% in last 5-years.

According to TCS company release dated January 23, 2024, TCS ranked no.1 in customer satisfaction in France for 5th year.

Disclaimer: The stocks have been picked from the brokerage report of ICICI Securities 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.