10 Tata Stocks To Buy: Motilal, HDFC Sec, JM, Other Brokerages Bet On These Tata Group Shares

The majority of Tata Group stocks witnessed sharp selling on Monday after reports stated that Tata Sons, the hot topic of this week, might be looking at options to divert the requirement of listing on market bruises. The worst to take hit were Tata Chemicals, Tata Steel, Tata Motors, Tata Investment, and others. However, this steep correction also brings buying-on-dips opportunities in a total of ten Tata Group-backed stocks in recent times.

These are Tata Consumer, Tata Motors, Titan, Tata Technologies, Tata Power, Tata Communications, Voltas, Trent, Indian Hotels and Tata Consultancy Services (TCS). At the latest, brokerages like Motilal Oswal, Sharekhan, Morgan Stanley, KR Choksey, JM Financial, Antique Stock Broking, Kotak Institutional Equities, BOB Capital Markets and HDFC Securities have recommended buying on these stocks, which would fetch between single-digit to double-digit returns in the near term.

1. Tata Consumer Products:

Tata Consumer dived by 3.2% to end at Rs 1,221.05 apiece on BSE with a market cap of Rs 1,16,345.90 crore.

Recommending BUY, Motilal Oswal has kept a target price of Rs 1,370 apiece. Also, KR Choksey has set a target price of Rs 1,352, and BOB Capital expects the stock to touch Rs 1,330 levels. Additionally, Morgan Stanley maintained equal weight on the stock earlier for a target price of Rs 1,305.

2. Tata Motors:

On Monday, Tata Motors' share price ended at Rs 1,028 apiece, down by 1.09% on BSE with a market cap of Rs 3,41,630.27 crore. Tata Motors is also focused on splitting its business into two.

Both Sharekhan and KR Choksey have recommended buying Tata Motors. Sharekhan sets a target price of Rs 1,188 and KR Choksey's target is at Rs 1,178 apiece.

3. Titan Company:

Tata's gems and jewellery stock neared its 52-week high on Monday, before correcting and following bearish trends in Tata Group's other stocks. Titan shares ended at Rs 3,750.05 apiece, down by 1% with a market cap of Rs 3,32,924.25 crore on BSE.

Motilal Oswal sets a target price of Rs 4,200, while Antique Stock Broking sets a target of Rs 4,100, and JM Financial has set a target of Rs 3,940 apiece. All of them recommend buying.

4. Tata Technologies:

Tata Technologies is the newly listed Tata Group stock. It was the first IPO since TCS' listing in 2004, which Tata Group launched last year followed by a listing in November. JM Financial is among the first ones to initiate coverage on Tata Tech. The brokerage recommends buying for a 12-month target price of Rs 1,370.

On BSE, Tata Tech's share ended at Rs 1,084.75 apiece, down by 3.80% with a market cap of Rs 44,004.89 crore.

5. Tata Power:

Powerpack stock, Tata Power also faced the heat of bears, as it ended at Rs 413.05 apiece, down by 2.80% on BSE with a market cap of Rs 1,31,983.50 crore.

Brokerages like JM Financials have recommended buying for a target price of Rs 439. While Antique has set a massive target of Rs 450.

6. Tata Communications:

Tata's telecom services provider, Tata Communications share price ended at Rs 1,956.65 apiece, down by 2.7% on BSE with a market cap of Rs 55,764.53 crore.

HDFC Securities have recommended buying for a target price of Rs 2,060 apiece, with a stop loss of Rs 1,598 apiece.

7. Voltas:

Tata's household appliances maker, Voltas' share price also dipped on Monday, however, the fall was limited compared to the other Tata stocks. On BSE, Voltas shares stood at Rs 1,072.65 apiece, down by 0.89% with a market cap of Rs 35,492.35 crore.

Motilal has suggested a target price of Rs 1,230, while HDFC Securities has set a target of Rs 1,150 with a buy recommendation.

8. Trent:

Unlike the other Tata stocks, Trent was among the top gainers of the Group. On BSE, Trent's share price stood at Rs 4,004 apiece, up by 1.33% with a market cap of Rs 1,42,337.18 crore.

While recommending to buy, Motilal set a target price of Rs 4,200. Also, earlier, Morgan Stanley maintained a buy on the stock with a positive outlook for a Rs 4,200 target price.

9. Indian Hotels:

The hotel and tourism stock of Tata Group also saw a drop of 2.6% to Rs 572.50 apiece with a market cap of Rs 81,491.49 crore on BSE during Monday's trade.

Motilal also sees further upside in Indian Hotels. The brokerage recommended buying for a target price of Rs 615 per share.

10. TCS:

TCS, the largest stock of Tata Group in terms of market valuation, ended at Rs 4121.50 apiece, up by 0.3% on BSE with an m-cap of Rs 14,91,194.77 crore after market hours.

Motilal sets a target price of Rs 4,250 on TCS with a buy recommendation. Sharekhan earlier set a target of Rs 4,200 for the company.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.