Buy/Sell Calls: 5 Tata Stocks To Buy & Sell, 2 Of Them Will Declare Dividend In April

Analysts have recommended investors to buy 4 Tata Group stocks and assigned sell call to one of them. Two of them will be declaring their financial results and dividend in April. These stocks are Tata Communications, Tata Consultancy Services Ltd, Tata Elxsi, Tata Chemicals, and Tata Motors. More details pertaining to these Tata stocks below:

1. Buy TCS Shares: TCS will approve and take on record audited consolidated financial results and its subsidiaries under Ind AS for the year ending March 31, 2024. TCS will also recommend a final dividend, if any, on the equity shares of the Company for the financial year ending March 31, 2024, for the approval of the shareholders at the ensuing 29th Annual General Meeting. Last trading price of Tata Consultancy Services Ltd share on BSE is Rs 3979.55 per share. In last 1-week, Tata Consultancy Services shares zoomed 2.47% and soared 22.95% in last 1-year. TCS shares gained 94% in last 5-years. Its market cap is 14,39,836.02 crore.

Analysts at leading brokerage firm CLSA has opted to upgrade Tata Group IT Software stock, Tata Consultancy Services Ltd shares from "sell" rating to "underperform" now. The brokerage house has increased the target price of TCS shares from earlier Rs 3925 per share to Rs 4043 per share. As per CLSA's analyst, "We expect TCS among large Indian IT firms to top the charts in terms of constant currency sequential growth." Apart from CLSA, Yes Securities has also recommended buy rating to TCS shares with target price of Rs 4600 apiece.

According to Yes Securities, "Relative strength studies of TCS indicating a base building pattern, holding on to polarity zone point. Breakthrough after this pattern might lead to O/P of TCS. On standalone chart, TCS confirmed a bullish turtle break post bullish anchor column, indicating a rally towards Rs 4,600."

2. Buy Tata Communications Shares: Tata Communications will consider, approve standalone and consolidated financial results for the financial year ended March 31, 2024 on April 17. The company will also recommend dividend on the same day, if any. Last trading price of Tata Communications Ltd share BSE is Rs 2062.25 per share. Tata Communications shares offered attractive return of over 62% in last 1-year and offered eye-popping returns of 436% in last 5-years period. The scrip zoomed over 965% in last 5-years. Its market capitalisation is Rs 58,774.13 crore.

KKunal V Parar, VP of Technical Research from Choice Broking, Tata Communication shares gave a breakout of its Upper Band of Triangle formation. Trades can buy Tata Communications stock for a target price of Rs 2100 in the short to medium term. The analyst has urged to maintain stop loss below Rs 1670.

3. Buy Tata Elxsi Shares: Prabhudas Lilladher has assigned buy call to Tata Elxsi shares with target price of Rs 9000 per share.

Recently Tata Elxsi and Dräger, a global leader in medical and safety technology, have announced a collaboration to advance critical care innovation in India. As part of this collaboration, Dräger is expanding its research and development presence by establishing a new Offshore Development Center (ODC) at Tata Elxsi's facility in Pune. The ODC will focus on developing innovative critical care medical devices for both local and international markets."

Last trading price of IT Software company Tata Elxsi share on BSE is Rs 8047.40 per share with intraday gain of 0.37%. Tata Elxsi Ltd shares declined 8% year-to-date and offered return of 32% in last 1-year. In last 5-years, Tata Elxsi shares offered eye-bulging returns of 734%. The company has a market cap of Rs 50,116.34 crore.

4. Sell Tata Chemicals Shares: Kotak commented its fair value for Tata Chemicals stays at Rs 780, and that it continues to expect earnings per share (EPS) for the stock to decline by nearly two-thirds over FY2023-25E amid declining margins on soda ash. Kotak said while suggesting sell rating on Tata Chemicals, "The recent speculative flare-up in the stock should be considered an exit opportunity, in our view." It has a market capitalisation of Rs 28,837.14 crore.

Last trading price of Tata Chemicals shares on BSE is Rs 1131.95 per share. Tata Chemicals share surged 4.75% in last 1-week, and offered return of 16% in last 1-year. In last 5-years, Tata Chemicals stock offered gain of 335%.

5. Buy Tata Motors Share: Sharekhan has buy call on Tata Motors share with target price of Rs 1188. According to the analyst, "We maintain a Buy with a revised PT of Rs 1,188 on expectations of continued improvement in JLR, PV and CV business and reduced net automotive debt from current levels. Stock trades at P/E multiple of 14.6x and EV/EBITDA multiple of 5.6x its FY26E estimates." Last trading price of Tata Motors Ltd share on BSE is Rs 1007.05 per share with intraday decline of 0.49%. The company's market cap is Rs 3,34,717.14 crore.

Tata Motors offered highly attractive return of 136% in last 1-year and zoomed 389% in last 5-years. The company has an attractive market cap of Rs 3,34,717.14 crore.

Disclaimer: The stocks have been picked from the brokerage reports of Sharekhan, CLSA, Choice Broking. 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.