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5 Tata Group Stocks To Buy That Have A Good Upside Potential

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Sharekhan has come-up with its latest report on ValueGuide, where it has also highlighted some of the stocks where it has a buy call from its previous reports. Here are a Tata Group stocks, where the firm has a buy call as on Aug 4, 2022, as highlighted in the ValueGuide report.

 

Buy stock of Titan

Buy stock of Titan

Sharekhan had published a report on Titan and its report had set a target price of Rs 2900 on the stock. Titan Company Limited's (Titan) consolidated revenue grew by 3.0x y-o-y, close to Rs. 9,200 crore in Q1FY2023, driven by strong 3x sales growth in the jewellery business, 2.6x growth in the watches business, and 2.8x growth in the eyecare business. The company reiterated strong growth outlook for its jewellery business in the medium term through its multi-pronged strategy of gaining shares in the wedding segment, improving reach in tier 2/3 towns, improving momentum behind gold exchange scheme, and improving penetration of Tanishq brand in international markets.

"We retain our Buy recommendation on the stock with an unchanged price target of Rs. 2,900," the brokerage has said.

Tata Consultancy Services
 

Tata Consultancy Services

According to Sharekhan, TCS reported a steady constant currency revenue growth of 3.5%/15.5% q-o-q/y-o-y with strong client metrics and healthy deal wins. EBIT margins missed our estimates owing to supply-side challenges

"We maintain a Buy on the stock with a revised price target of Rs. 3,650 given preferred strategic partner for vendor consolidation excercise, healthy deal wins and scope of margin improvement," Sharekhan has said in its ValueGuide report.

Tata Elxsi

Tata Elxsi

According to Sharekhan, Q1FY2023 was yet another quarter of strong revenue growth for Tata Elxsi Limited (TEL), led by broad-based growth across segments, while margins improved sequentially despite partial wage hike. Q1 saw strong net hiring and healthy deal intake.

"Strong net headcount addition, healthy deal pipeline, and robust deal wins provide strong revenue growth visibility in the medium term. TEL can sustain its superior margin performance in FY2023E, given absence of wage hike, higher offshore mix, and currency tailwinds. We retain Buy on Tata Elxsi with a revised price target of Rs. 9,200, given its market share gains, superior margin profile, and presence in the fast-growing ERD market," the brokerage has said.

Tata Motors

Tata Motors

Tata Motors' Q1FY23 results lagged our expectations, largely due to poor performance of JLR business, marred by unfavourable volume mix. Performance of CV and PV businesses was broadly in-line with expectations.

"We maintain Buy with an unchanged price target of Rs. 516, driven by expected recovery in volumes and operational improvement across its business verticals and geographies," Sharekhan has said.

Tata Consumer Products

Tata Consumer Products

Sharekhan has a buy call on the stock of Tata Consumer Products with a price target of Rs 960. The shares of Tata Consumer Products last closed at Rs 763 on the Bombay Stock Exchange. Tata Consumer products  has iconic brands like Tata Tea, Tetley and Tata Salt. It is one of the top consumer products company in the country.

Disclaimer

Disclaimer

The stocks mentioned above are picked from the brokerage report of Motilal Oswal, Prabhudas Lilladher and Sharekhan. Investing in stocks is risky and investors must exercise all possible caution. Do not use the article as a basis for your complete investment decision. Greynium Information, the author and the brokerage houses is not responsible for losses, based on a decision taken after reading this article.

Read more about: stocks to buy investment
Story first published: Sunday, August 14, 2022, 8:20 [IST]
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