Tata Group Stocks To Buy: 7 Tata Stocks Have Potential Upside Of 4-20% Ahead; Motilal Oswal Recommendations

With the latest correction in Tata Group stocks, a couple of them are back in a buying scenario with near-term potential upside. As per the latest Motilal Oswal recommendation, there are seven Tata stocks with such a case. Notably, these 7 stocks are broadly midcaps to large-caps with market valuations ranging from Rs 30,000 crore to over Rs 14 lakh crore.

These are Tata Motors, Voltas, Tata Consumer, TCS, Trent, Titan Company, and Indian Hotels.

Here are the latest recommendations in Tata Group stocks by Motilal Oswal and their potential upside:

Tata Motors:

Recommendation Neutral For Target Price Of Rs 1,000. From the current price level, there is a potential upside of 4.4%.

On March 19, Tata Motors' share price ended at Rs 957.55 apiece, down by 1.51% with a market cap of Rs 3,18,217.96 crore.

Tata Motors was the biggest gainer of the Nifty 50 last year, and it started the new year with a bang as well hitting a new 52-week high of Rs 1,065.60 apiece. Tata Motors is still a multi-bagger with gains of 139.5% from its 52-week low of Rs 400.40 apiece.

Tata Motors is currently in focus for its demerger of business in the ratio of 1:2.

Part of the USD 150 billion Tata group, Tata Motors, a USD 42 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions.

Voltas:

Recommended BUY for a target price of Rs 1,230 apiece. There is the potential of nearly 18% upside from the current price level.

Voltas shares stood at Rs 1,046.05 apiece, down by 0.98% on BSE with a market cap of Rs 34,612.20 crore. The stock's 52-week high and low of Rs 1,139 apiece and Rs 745 apiece respectively.

Voltas Limited established in 1954 is a listed public company and part of the leading Indian multinational Tata Group which has operations in over 100 countries across 6 continents and has more than a million employees.

Tata Consumer:

Recommendation of BUY for a target price of Rs 1,370 apiece. This indicates a potential upside of 19.54% ahead.

This FMCG giant stock is also in red on March 19. Currently, the stock is at Rs 1,146 apiece, down by 3.42% with a market cap of Rs 1,09,194.87 crore. The share has touched a new 52-week high and low of Rs 1,269.60 apiece and Rs 690 apiece.

Tata Consumer Products Limited is a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella. The company's portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. Tata Consumer Products is the 2nd largest branded tea company in the world.

TCS:

TCS is the largest company in terms of market value of Tata Group. Motilal's recommendation in TCS is Rs 4,250. Accordingly, there is a potential upside of 6.84%.

On BSE, TCS's share price stood at Rs 3977.55 apiece, lower by 4.03% with a market cap of Rs 14,39,112.40 crore. The stock has crossed Motilal's target and touched a new 52-week high of Rs 4,254.45 earlier this year, but the brokerage maintains a Rs 4,250 target still. Its 52-week low is at Rs 3,070.30 apiece.

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 55 years.

Next month, TCS will be in focus for its Q3 results.

Trent:

A potential upside of over 6% is expected in Tata Group-backed speciality retail TRENT. Motilal's latest target price is set at Rs 4,200 on the company with buy recommendation.

At present, Trent's share price stood at Rs 3,957.50 apiece, lower by 2.76% on BSE with a market cap of Rs 1,40,684.16 crore on Tuesday. The stock earlier met Motilal's target by hitting a 52-week high of Rs 4,243.65 apiece. However, the brokerage has still maintained the same target up till now.

Trent is a multi-bagger with gains of 208.02% from its 52-week low of Rs 1,287.40 apiece.

Trent Limited is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one-stop destination for great fashion at great value and Trent Hypermarket, which operates in the competitive food, grocery and daily needs segment under the Star banner.

Titan Company:

More than 17% potential upside is seen in Titan's stock price. Motilal's recommendation for the Group's gems and jewellery stock is Rs 4,200 apiece.

On Tuesday, Titan shares stood at Rs 3,582.55 apiece, marginally up with a market cap of Rs 3,18,053.83 crore on BSE. Motilal's target price would be a new all-time high for Titan. Currently, its 52-week high and low are at Rs 3,885 and Rs 2,442.35 apiece respectively.

Titan is India's leading lifestyle company and among the most admired and respected corporates in the country. The company has established leading positions in the Jewellery, Watches and eye care categories.

Indian Hotels:

Tata Group's hotel and tourism stock is seen to have a potential 12% upside in the near term. Motilal's recommendation for this stock is BUY for a target price of Rs 615.

On BSE, Indian Hotels' share price stood at Rs 548.95 apiece, down by 0.75% with a market cap of Rs 78,139.31 crore. Motilal's target will be a new all-time high for Indian Hotels as its current 52-week high and low is at Rs 602.75 and Rs 302.30 apiece.

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. IHCL has a portfolio of 285 hotels including 85 under development globally across 4 continents, 13 countries and in over 100 locations.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author or Greynium Information Technologies. The author, the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.