Motilal Oswal Assigns Buy On Tata Group Large Cap Stock, Likely To Give Up To 18% Return

Leading brokerage firm Motilal Oswal initiates Buy on Tata Group firm Tata Consumer Products Ltd. (TATACONS) with a target price of Rs. 910 apiece. The stock has the potential to give 18% return considering the given target price and the current market price of the stock.

This is Tata Group Large cap stocks that operate in the FMCG sector. It has a market capitalisation of Rs. 71,640.73 crore.

Valuation & Views

According to Motilal Oswal, TATACONS is following a two-pronged growth approach: 1) focusing on new growth engines such as Tata Sampann, NourishCo, Tata Soulfull, and the ready to-eat/ready-to-consume business (Tata Smart foodz); and 2) rapidly scaling up its distribution network along with digitization prowess across the supply chain, which will drive the next leg of growth. "We expect a revenue/EBITDA/PAT CAGR of 9%/15%/24% over FY23-25 and arrive at our SoTP-based TP of INR910. We reiterate our BUY rating," the brokerage has said.

Stock Outlook- Current Market Price & Returns

The last traded share price of TATACONS is Rs. 771.15 apiece on NSE. It opened today at Rs. 771.15 apiece, while its previous close was Rs. 770.05 apiece. Its 52 week high is Rs. 861.15 apiece and its 52-week low is Rs. 686.60 apiece, respectively.

The stock has given 5.27% positive return in 1 week, and 7.68% in 3 months, respectively. It has given 7.83% positive return in 1 year, 112.76% in 3 years, and 203.01% in 5 years, respectively.

Disclaimer - The stock has been picked from the brokerage report of Motilal Oswal. 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 consult with certified experts before making any investment decision.