5 Tata Group Stocks To Buy: Analysts Bullish On 5 Tata Stocks After Recent Decline

Leading analysts have picked Tata Group stocks and assigned buy call. These stocks are Titan Company Ltd, Indian Hotels Co, Tata Steel, Tata Motors, and Voltas. All these tata group stocks witnessed decline in last 1 or two weeks. These stocks can be bought in the range of Rs 164 to Rs 4112 apiece, respectively. More details pertaining to these stocks given below:

1. Buy Tata Motors Shares: Brokerage firm Sharekhan has recommended buy call to Tata Motors shares with target price of Rs 1188 apiece. Last trading price of Tata Motors Ltd share price on BSE is Rs 979.55 apiece. The 52-week high price of Tata Motors share on BSE is Rs 1065.60 and 52-week low price is Rs 400.40 apiece, respectively. Tata Motors shares gave return of 135% in last 3-months span, 58% return in last 6-months, and soared 135% in last 1-year. Tata Motors shares declined 5.75% in last 2-weeks.

Sharekhan, in its research report dated March 5 said, "maintain buy with a revised PT of Rs. 1,188. We stay positive on TML and believe that the upswing in values in its businesses would be driven more by the improvement in fundamentals, while separate listings of the CV business and PV business would offer investors the flexibility in playing the individual segment's growth cycle. Further, a strategic investor may also find easy to invest in any of the individual businesses based on their portfolio choices."

2. Buy Tata Steel Shares: Ruchit Jain of 5paisa has recommended buy call to Tata Steel shares with target price of Rs 164 apiece and maintain stop at below Rs 138 apiece. According to the analyst, "Tata steel has been forming a 'Higher Top Higher Bottom' structure and is therefore in an uptrend. Latest price-up move was supported by attractive volumes, while the volumes on corrections appear low, which is a positive sign. Tata Steel bounced from its 89 DEMA support and is hinting at buying interest on corrections. Positional traders can buy Tata Steel shares in the range of Rs 147-142 for potential targets of Rs 156 and Rs 164. The stop loss on long positions should be placed below Rs 138.

Last trading price of Tata Steel share on BSE is Rs 151.95 apiece with intraday gain of 1.27% as on March 22. The 52-week high price is Rs 159.50 per share and 52-week low price is Rs 101.65 per share. Tata Steel shares surged 7.35% in last 1-week, plunged 3.37% in last 2-weeks, and offered return of 45% in last 1-year. In last 6-months, Tata steel Ltd shares witnessed rally of 20% and saw maximum surge of 346% in last 10-years.

3. Buy Titan Company Limited Shares: Sharekhan decided to retain a buy on Titan shares with a revised price target of Rs 4,112 and the stock trades at 46x/40x its FY2025E/26E EV/EBIDTA. Jewellery business continues to shine, registering a 23% y-o-y growth driven by double-digit growth in footfalls. Titan is eyeing a revenue CAGR of over 20% during FY2022-FY2027 led by an ambitious growth plan in the medium term. Though this will have some hit on margins initially, it expects consistent growth and improved mix to drive margins in the long run. Strong growth outlook, focus on sustained market share gains, and strong balance sheet makes it the best play in the discretionary space, said Sharekhan.

Last trading price of Titan Company Limited shares on BSE is Rs 3709.15 apiece with intraday gain of 2.21%. The 52-week high price of Titan Company shares on BSE is Rs 3885.00 apiece and 52-week low price is Rs 2467.45 apiece, respectively. Titan Company stock declined over 2% in last 2-weeks, gave return of 13% in last 6-months, and rallied 48% in last 1-years.

4. Buy Voltas Shares: Motilal Oswal has recommended buy to Voltas shares with target price of Rs 1230 apiece. Current market price of Voltas shares on BSE is Rs 1065.40 apiece with intraday decline of 1.70%. The 52-week high price of Voltas Ltd shares on BSE is Rs 1139.00 and 52-week low price is Rs 745.00 apiece, respectively. Voltas Ltd share declined 1.56% in last 2-weeks, gave return of 23% in last 6-months, and soared 26% in last 1-year. In last 2-years, Voltas shares fell 17%. The household appliance industry stock gained maximum in last 10-years with rally of 603%.

5. Buy Indian Hotels Co Ltd Shares: Brokerage firm LKP Securities has suggest buy call to Tata Group hotel company, Indian Hotels Co Ltd share (IHCL) with target price of Rs 640 per share and keep the stop loss at Rs 570. Current market price of Indian Hotels Co shares on BSE is Rs 557.15 apiece with intraday dip 1.15%. Indian Hotels Co Ltd shares offered return of 28% year-to-date and declined a little over 5% in last 2-weeks. The 52-week high price of Indian Hotels Co shares on BSE is Rs 602.75 per share and 52-week low price is Rs 302.30.

LKP said that Indian Hotels Co witnessed a breakout from a flag pattern on daily chart reflecting significant rise in investors optimism. Additionally, Indian Hotels Co constantly traded above the crucial moving average. In the upward direction, Indian Hotels Co shares indicate a significant move towards 640, with support established at Rs 570.

Disclaimer: The stocks have been picked from the brokerage report of Motilal Oswal, Sharekhan, 5Paisa, and LKP Securities. 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.