2 Tata Group Stocks To Buy, Accumulate As Recommended By Nirmal Bang, PL

Two leading brokerage firms have recommended investors to buy two Tata Group stocks. These two stocks are Tata Steel Ltd and Voltas Ltd. Brokerage firm Nirmal Bang has assigned accumulate call to Voltas Ltd share with target price of Rs 880 apiece while Prabhudas Lilladher has assigned buy call to Tata Steel share with target price of Rs 138 apiece. Check details below:

Accumulate Voltas Ltd Share: Brokerage firm Nirmal Bang has recommended accumulate rating to Voltas Ltd share with target price of Rs 880 apiece. Current market price of Voltas Ltd share on BSE is Rs 835.00 per share with intraday gain of 0.97% as on December 1, 2023.

The company has a market capitalisation of Rs 27,628.88 crore. Voltas shares declined 3.95% in last 3-months, gained 4% year-to-date, declined 32% in last 2-years, and offered return of 50% in last 5-years. If you accumulate Voltas shares at last trading price of Rs 835.00 apiece, you can fetch likely return of 5.39%.

According to the analyst, "We maintain ACCUMULATE with a SOTP-based TP of Rs880, valuing it on Sept. 2025E EPS. While we remain positive about UCP business over the medium term, continued losses in EMPS pose risk in the near term and could continue to suppress overall margins."

Buy Tata Steel: The analyst has recommended investors to buy Tata Steel share with target price of Rs 138 per share. Current market price of Tata Steel stock on BSE is Rs 129.95 apiece with intraday gain of 1.56% as on December 1, 2023. If you buy Tata Steel stock at last trading price of Rs 129.95 apiece, you can fetch likely upside
of 6.19%.

Tata Steel has a market capitalisation of Rs 1,59,802.74 crore. Tata Steel shares gained 11% in last 1-month, soared 23% in last 6-months, and rallied 122% in last 3-years. The company reported a consolidated net loss of Rs 6,511 crore for Q2 of 2023-24 as compared to Rs 1297 crore in the corresponding quarter of last year due double whammy of impairment charges and reducing margins in Europe.

The leading steelmaker on November 1 declared its consolidated total revenue from operations at Rs 55,681 crore as compared to Rs 59,877 crore in the similar quarter of last year.

Disclaimer: The stocks have been picked from the brokerage report of Prabhudas Lilladher and Nirmal Bang. 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.