New Year Picks: Motilal Oswal Sees 3 Tata Stocks Offering Upside Potential, Initiates Buy

Motilal Oswal has recommended investors to buy three leading Tata Group stocks namely Tata Motors, Tata Consumer, and Tata Chemicals. If you buy these stocks now, you will get 33% return of in 2023.

It is worth noting that FMCG firm Tata Consumer Products Ltd (TCPL) has acquired 23.3% additional shares of South Africa based Joekels Tea Packers for Rs 43.65 crore through a step down subsidiary. Check key takeaways below:

1. Buy Tata Chemicals

Motilal Oswal has recommended investors to buy Tata Chemicals with a target price of Rs 1250 apiece. If you buy the stock now, you will get potential 33% return.

The stock's 52-week high is Rs 1214 apiece and 52-week low is Rs 773 apiece, respectively. The company has a market capitalisation of Rs 23,910 crore.

The stock has given return of 41% in last 3-years and 28% in last 5-years. The mid cap company was incorporated in 1939. It declared consolidated total income for the quarter ended September 30, 2022 at Rs 4,299 crore, up 6%.

 

2. Buy Tata Motors

The analyst has assigned buy call to Tata Motors with a target price of Rs 500 apiece. If you buy Tata Motors now, you will get 29% return.

The stock's 52-week high is Rs 528 apiece and 52-week low is Rs 366 apiece, respectively. The company has a market capitalisation of Rs 1,28,899.27 crore. The stock has given maximum return of 122% in last 3-years. The large cap company was incorporated in 1945.

It declared its consolidated total income for the quarter ended September 30, 2022 at Rs 80,649 crore, up 10%.

3. Buy Tata Consumer Products Ltd

The brokerage firm has given buy rating to Tata Consumer Products Ltd with a target price of Rs 880 apiece. If you buy Tata Consumer Products Ltd now, you will get potential return of 14%.

The last trading price of the stock is Rs 771 apiece with an intraday decline of 0.67%. The stock's 52 week high is Rs 861 apiece and 52-week low is Rs 650 apiece, respectively.

The company has market capitalisation of Rs 71,663.96 crore. The stock has given a return of 138% in last 3-years and 142% in last 5-years, and 5% in last 1-year. The large cap FMCG company was incorporated in 1962 and declared its consolidated total income at Rs 3,392 crore, up .90%.

Disclaimer

The stocks have 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 check with certified experts before taking any investment decision.