These 3 Multibagger Tata Group Stocks In December Get Buy & Add Rating By Top Broking Houses

In December 2022, top broking houses such as Motilal Oswal, Chola Wealth, and Kotak Securities picked 3 Tata Group stocks with "Buy" & "Add" rating for high returns in 2023. These 3 stocks are The Indian Hotels Company Limited, Tata Motors and Tata Consultancy Services Limited (TCS). All three are multibagger stocks with more than 100% returns. Below are the highlights of the stocks:

The Indian Hotels Company Limited

Indian Hotels Company is a Midcap Tata group stock, that operates in the Tourism & hospitality sector. It has a market capitalisation of Rs 44,550.83 crore.

Motilal Oswal has assigned "Buy" on the stock in its December 19, 2022, published report. The brokerage sees a 25% potential upside with the given target price of Rs 390 by the brokerage.

On NSE, the stock last traded at Rs 313.65/share, 0.78% down as compared to its previous close. Its 52 week low is Rs 175/share and its 52 week high is Rs 349/share, respectively.

It has given 3.16% positive return in the past 1 week, and 4.05% negative return in the past 3 months, respectively. In the past 1 year, it gave 72.38% positive return. In the past 3 and 5 years, it has given 110.93% and 166.26% multibagger returns, respectively.

Motilal Oswal has said, "We expect Revenue/EBITDA of 31%/79% over FY22-25E and reiterate our Buy rating with an SoTP-based TP of INR390 on FY25E EBITDA."

Tata Motors Limited

Tata Motors is one of India largest auto sector companies with a market capitalisation of Rs 1,28,164 crore. It is Tata Group's large-cap company.

Chola Wealth in its Auto Sector report published on 26 December 2022 has assigned "Buy" on the stock with a target price of Rs 520/share. With the given target price, it could give gains on investments up to 35%.

On NSE, the stock last traded at Rs 380.90/share, 1.38% down, compared to its previous close. Its recorded 52 week low on NSE is Rs 366.20/share and its 52 week high is Rs 528.50/share, respectively.

The stock has fallen continuously for the past 1 year, given 16.92% negative return. It moved down 7.06% in 1 week, 10.32% in 1 month and 2.6% in 3 months, respectively. In the past 3 years, it gave 122.51% positive returns and in the past 5 years, it gave 8.42% negative returns, respectively.

Chola Wealth Has said, "The stock trades at 16.8x FY24E consolidate P/E and 4.2x EV/EBITDA ratio. We maintain our Buy rating, with a TP of ~INR520/share (Jun'24E based SoTP)."

Tata Consultancy Services Limited (TCS)

TCS is India's one of the biggest companies and also the biggest IT sector company. The company is Tat Group's biggest company with a market capitalisation of Rs 11,96,052 crore.

Kotak Securities in its December 19, 2022 report has assigned an "Add" rating on the stock with an unchanged target price of Rs 3,450/share. According to the given target price, it could give a return of up to 6%.

On NSE, the stock last traded at Rs 3268.75/share, 0.36% up from its previous close. On NSE, it recorded its 52 week low is Rs 2,926.10/share and its 52 week high is Rs 4,043/share, respectively.

It moved down 3.79% in the past 1 month, whereas, in the past 3 months it moved up 9.06%, respectively. In the past 1 year, it moved down 11.53%. In the past 3 years, it gave 48.68% positive returns and in the past 5 years, it gave 142.02% multibagger returns, respectively.

Disclaimer

The stocks have been picked from the brokerage report of Brokerage Firms. 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.