Brokerages Recommend Hold, Buy Call to 2 Tata Group Stocks For Attractive Return

2 Leading brokerages have recommended hold and buy call to 2 leading Tata Group stocks. These 2 stocks Tata Motors Ltd and Tata Power Company. Sharekhan By BNP Paribas has assigned buy call to Tata Motors Ltd and JM Financial has assigned buy call to Tata Power Company. If you buy and hold these 2 stocks now, you can get maximum potential return of 23%. Check details below:

1. Buy Tata Motors Ltd

Sharekhan By BNP Paribas has recommended buy call to Tata Motors with a target price of Rs 516 apiece. Current market price of the large cap Auto sector stock is Rs 420.60 apiece.

If you buy Tata Motors Ltd shares now, you can get potential 23% return. The stock's 52-week high is Rs 494.50 apiece and 52-week low is Rs 366.05 apiece, respectively. The company has a market capitalisation of Rs 1,39,694.76 crore.

The stock fell 9% in last 6-months, and gave a return of 185% in last 6-months.

Tata Motors for the quarter ended December 31, 2022 announced a consolidated total income of Rs 89,618.97 Crore, up 11.12 % from last quarter total income of Rs 80,649.88 crore.

2. Hold Tata Power Company Ltd

Current market price of the stock is Rs 202.50 apiece with intraday gain of 1.35%. JM Financial has assigned hold call to Tata Power Company Ltd with a target price of Rs 220 apiece, implying an upside of 9%.

The stock's 52-week high is Rs 298.00 apiece and 52-week low is Rs 190.00 apiece, respectively. The company has a market capitalisation of Rs 64,705.63 crore. It fell 9% in last 1-year and gave a return of 333% in last 3-years.

The mid cap stock, operating in Power sector, for the quarter ended December 31, 2022 declared a consolidated total income of Rs 14,401.95 crore, up 1.56 % from last quarter total income of Rs 14,181.07 crore.

Disclaimer

The stocks have been picked from the brokerage report of Sharekhan BNP Paribas and JM Financial. 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.