3 Tata Group Stocks To Buy That Brokerage Houses Have A “Buy” Or “Add” Call

Some of the Tata Group stocks have been recommended as a "buy" or "add" in recent brokerage reports. We have picked three such buy calls from leading brokerage houses.

Buy Rallis India stock

Broking firm, Prabhudas Lilladher in its latest report ion the agrochemicals sector has recommended a "buy" on the stock of Tata Group company, Rallis India with a price target of Rs 250 on the stock "We expect domestic/exports/seeds to post 8%/25%/-10% YoY growth in 3Q'23. Exports revenue likely to be better- off led by improved demand scenario globally supported by better product and price mix. Pressure on margins likely to persist in near term for Rallis India." the brokerage has said.

Rallis is a company that provides crop care solutions, including formulations for crop protection and nutrition. It manufactures and markets a range of agri-inputs, which include pesticides, fungicides, insecticides, seeds, and plant growth nutrients.

Buy Voltas stock, says Prabhudas Lilladher

In its latest report on the consumer durables space, Prabhudas Lilladher has recommended buying the stock of Voltas. The brokerage has set a price target of Rs 1030 on the stock of Voltas. Near term challenges related to demand and margins expected to continue due to price competition, high cost inventory & demand slowdown in UCP segment and slowdown in order flow from international side. We estimate a 20.9% EPS CAGR over FY22-25E. Resuming coverage with a 'BUY' rating," the brokerage has said in its report.

Voltas is a leading air conditioning and cooling company, and has business divisions hat include Domestic Projects Group and International Operations Business Group. While the products business is classified into Unitary Products Business Group , Mining & Construction Equipment Division and Textile Machinery Division.

Add TCS stock, says HDFC Securities report

Ahead of the quarterly results of TCS, HDFC Securities has an "add" call on the stock. In its latest report on the sector, the firm has set that growth and valuations normalising for the industry as a whole. The broking firm has set a target price of Rs 3545 on the stock of TCS, as against the current market price of Rs 3210.

"We have factored in revenue growth of 1.3/2.1/3.1/0.6/1.0/2.9% QoQ for TCS, Infosys, HCLT, Wipro, TechM, and LTI-Mindtree. Within mid-tier IT, Persistent will continue to lead growth while Zensar and Mphasis are expected to underperform. Cyient and Mastek's revenue growth is driven largely by acquisitions," the brokerage has said in its analysis on the IT industry.

Nifty remains volatile

Meanwhile, the Nifty witnessed a volatile session on the weekly expiry day of the F&O segment with the index fluctuating from 18120 levels to touch the low of 17900 levels with heavy profit booking witnessed in the Banking and Financial services stocks. "The index has got the crucial support zone of 17800 levels and upside as said earlier is capped near 18250-18300 zone which is acting as a strong resistance zone," says Prabhudas Lilladher report.

 

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher and HDFC Securities. 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.