Buy 2 Tata Group Stocks As Shares Offering Potential To Soar: Motilal Oswal, KR Choksey

Two brokerages have assigned buy call to 2 Tata Group Stocks as shares are offering potential to rally. These two stocks are Trent Ltd and Tata Motors. Motilal Oswal has assigned buy call to Tata Group large cap stock, Trent Share with target price of Rs 2750 apiece and KR Choksey has recommended buy rating to Tata Motors Ltd with target price of Rs 784 per share.

Current market price of Tata Motors Ltd share BSE is Rs 673.65 per share. If you buy Tata Motors shares at this price, you can fetch likely return of 16.38%. Meanwhile, current market price of Trent Share BSE is Rs 2649.65 apiece and if you buy Trent stock at this price, you can likely gain of 3.79%. Check details below:

Tata Motors Ltd Share Performance & Return: Last trading price of Tata Motors Ltd stock on BSE is Rs 673.65 per share with intraday dip of 0.91%. Its 52-week high price is Rs 687.55 per share and 52-week low price is Rs 375.50 per share, respectively. Tata Motors has a market capitalisation of Rs 2,23,826.84 crore. Tata Motors shares offered shareholders return of 71% year-to-date, gained 59% in last 1-year, and jumped 291% in last 3-years.

Tata Motors Valuation: According to KR Choksey's report dated November 18, 2023, "On a consolidated level, we increase our EBITDA estimates for FY24E/ 25E by 4.1%/ 6.3%, respectively to factor in the revised JLR margin guidance. We expect the company will grow at a CAGR of 17.0%/ 44.5% in revenues/EBITDA over FY23-25E. We value JLR at 2.8x EV/EBITDA (2.4x earlier), Chery-JLR JV business at 2.4x EV/EBITDA, TML-CV at 13.0x EV/EBITDA (unchanged), and TML-PV business at 14.5x EV/EBITDA (unchanged), and a value of INR 28 per share for the remaining stake in Tata Technologies after the pre-IPO sale and arrive at a target price of INR 784 per share (from INR 743 earlier), implying an upside of 15.2%. Accordingly, we maintain our "BUY" rating on the shares of Tata Motors."

Trent Stock Performance & Return: Last trading price of Trent share BSE is Rs 2649.65 per share with intraday dip of 0.21%. Its 52-week high price is quoted at Rs 2687.95 per share and 52-week low price is quoted at Rs 1155.10 per share, respectively. The company has a market capitalisation of Rs 94,191.74 crore.

Trent shares soared 77% in last 6-months, soared 97% year-to-date, gave return of 86% in last 1-year, and offered a rally of 142% in last 2-years. In last 3-years, Trent shares gained 242% and rose 724% in last 5-years. Trent shares gave maximum return in last 10-years at 2470%.

Disclaimer: The stocks have been picked from the brokerage report of Motilal Oswal and KR Choksey. 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.