2 Tata Group Stocks To Buy: Brokerages Give Buy Call After Big Updates, TP Rs 640- Rs 9,000

Two leading brokerages namely LKP Securities and Prabhudas Lilladher have recommended buy call to 2 Tata Group stocks. These stocks are Tata Elxsi share and Indian Hotels Company share. The target price for Tata Elxsi is Rs 9000 and for Indian Hotels Company it is Rs 640 per share. Both the stocks offered attractive returns over the years. Check more details about both stocks below:

1. Buy Tata Elxsi Share: Prabhudas Lilladher has assigned buy call to Tata Elxsi shares with target price of Rs 9,000 apiece. Current market price of Tata Elxsi stock on BSE is Rs 7779.60 per share with intraday gain of 1.43%. The 52-week high price of Tata Elxsi stock on BSE is Rs 9191.10 apiece and 52-week low price is Rs 5,900 apiece, respectively. The company has a market capitalisation of Rs 48,448.58 crore.

Tata Elxsi operates in the industry of computers-software & consulting. Its EPS (TTM) is 33.15 and PE is 60.80. Tata Elxsi shares declined 11% year-to-date, gave return of 8% in last 6-months, soared 31% in last 1-year, and declined 14% in last 2-years. In last 3-years, Tata Elxsi stock zoomed 194%, rallied 710% in last 5-years, and offered return of 2801.75% in last 10-years.

The IT company for the quarter ended December 31 declared its standalone total income at Rs 949.16 crore, up 3.98 % from preceding quarter total income of Rs 912.83 crore. Its recent quarter net profit after tax is Rs 206.43 crore.

The company through its regulatory filing stated, "Tata Elxsi and Dräger, a global leader in medical and safety technology, have announced a collaboration to advance critical care innovation in India. As part of this collaboration, Dräger is expanding its research and development presence by establishing a new Offshore Development Center (ODC) at Tata Elxsi's facility in Pune. The ODC will focus on developing innovative critical care medical devices for both local and international markets."

2. Buy Indian Hotels Company shares: Last trading price of Indian Hotels Company share on BSE is Rs 591.35 per share with intraday rally of 0.96%. The 52-week high price of Indian Hotels Company share on BSE is Rs 602.75 per share and 52-week low price is Rs 310.00 per share, respectively. The company's market capitalisation is Rs 84,174.66 crore. Indian Hotels Company Ltd shares soared 36% year-to-date, gave return of 89% in last 1-year, soared 154% in last 2-years, and surged 463% in last 3-years. In last 5-years, Indian Hotels Company stock gained 301%.

LKP Securities have assigned buy call to Indian Hotels Company shares with target price of Rs 640 apiece

The company on March 26 informed via its BSE filing, "we wish to inform you that The Indian Hotels Company Limited (the Company) has infused US$ 6.5 mn as equity in its Wholly Owned Subsidiary in Netherlands i.e. IHOCO BV on March 26, 2024. The investment amount will be used by IHOCO BV to further make investment in its subsidiary viz. United Overseas Holding Inc in USA to repay its debt & for other operational purposes."

Disclaimer: The stocks have been picked from the brokerage report of LKP Securities and Prabhudas Lilladher. 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.