Tata Group Stocks To Buy: Motilal Oswal, Sharekhan Upbeat On 4 Tata Stocks, Recommend Buy

Motilal Oswal and Sharekhan have recommended investors to buy 4 Tata Group stocks. These stocks are Titan Company Ltd, Trent Ltd, Tata Consumer Products Ltd, and Tata Motors. If you buy these stocks now, you can fetch attractive return as they are indicating potential to soar. Some of these stocks offered investors attractive multibagger returns in last 6-months. Check details below:

1. Buy Tata Motors Shares: Current market price of Tata Motors shares on BSE is Rs 1039.35 apiece with intraday gain of 2.14% on March 8, 2024. The 52-week high price of Tata Motors stock is Rs 1065.60 per share and 52-week low price is Rs 400.40 apiece. Sharekhan has assigned buy call with revised price target of Rs 1188 apiece. Tata Motors shares rallied 31% year-to-date and gained 136% in last 1-year.

Recently, Tata Motors, India's largest commercial vehicle manufacturer, announced that it will increase the price of its commercial vehicles effective 1st April 2024, up to 2%. The price increase is to offset the residual impact of the past input costs.

According to Sharekhan, "We stay positive on TML and believe that the upswing in values in its businesses would be driven more by the improvement in fundamentals, while separate listings of the CV business and PV business would offer investors the flexibility in playing the individual segment's growth cycle. While hydrogen fuel cell technology is at a nascent stage, TML has been making efforts to secure its growth prospects in the hydrogen fuel cell space in future. We maintain a Buy on TML with a revised PT of Rs 1,188 on expecting continued improvement in JLR, PV and CV businesses and reduced net automotive debt."

2: Buy Titan Company Shares: Motilal Oswal has suggested buy call to Titan Company Limited shares with target price of Rs 4200 per share. Current market price of Titan Company shares on BSE is Rs3787.50 apiece with intraday fall of 0.59% as on March 8, 2024. The 52-week high price of Titan Company shares on BSE is Rs 3885.00 apiece and 52-week low price is Rs 2320.00 apiece, respectively. The company has a market capitalisation of Rs 3,36,249.01 crore. Titan Company shares zoomed 19% in last 6-months, gained 58% in last 1-year, and soared 156% in last 3-years. In last 5-years, Titan Company stock surged 262%.

Titan for December 31, 2024 quarter announced its consolidated total income at Rs 14,300 crore, up 13.02% from last fiscal total income of Rs 12,653.00 crore. It announced its standalone net profit for the December 2023 quarter at Rs 1040 crore, up 9.5% from the similar quarter of last fiscal. Total revenue of Titan declared at Rs 13,052 crore, up 20% from Rs 10,875 crore in the corresponding quarter of last year.

3. Buy Trent Ltd Shares: Motilal Oswal Financial Services has recommended buy call to large cap stock Trent with target price of Rs 4200 apiece. Current market price of Trent Shares on BSE is Rs 3951.30 apiece with intraday gain of 2.12%. The 52-week high price of Trent shares on BSE is Rs 4098.00 apiece and 52-week low price is Rs 1287.40 apiece, respectively. Trent shares surged 89% in last 6-months and gained a massive 198% in last 1-year only.

Trent announced a surge of 124% year-on-year (YoY) in its consolidated net profit to Rs 374.36 crore for the quarter ended December 31, 2023 as against Rs 167 crore in the similar quarter of last year. Revenue of Trent for December 2023 quarter soared to Rs 3466 crore, up 50.5% from Rs 2303.4 crore in the corresponding quarter of preceding fiscal. Trent declared its EBITDA jumped 95% to Rs 629 crore. Margin announced at 18% as against 14% in the year ago period.

4. Buy Tata Consumer Products Ltd Shares: Motilal Oswal has assigned buy rating to Tata Consumer Products shares with target price of Rs 1370 per share. Current market price of Tata Consumer Products shares on BSE is Rs 1261.00 per share. The 52-week high price of Tata Consumer Products shares on BSE is Rs 1269.60 per share and 52-week low price is Rs 685.00 per share, respectively. Tata Consumer Products shares soared 46% in last 6-months, gained 77% in last 1-year, and offered return of 541% in last 5-years.

Tata Consumer Products posted a strong operating performance in 3QFY24. EBIT growth of 29% YoY was led by a healthy performance across categories. For the India beverages/India foods/International beverages/non-branded businesses, EBIT grew 28%/15%/23%/81% YoY, added Motilal Oswal.

Disclaimer: The stocks have been picked from the brokerage reports of Motilal Oswal and Sharekhan. 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.