3 Tata Stocks To Buy As Recommended By Top Brokerages, Minimum TP Rs 171

Leading brokerage firms have recommended investors to buy three Tata Group stocks showing potential to soar. These stocks are Tata Steel, Tata Consultancy Services, and Tata Consumer Products. The minimum target price is Rs 171 while the maximum target price is Rs 5230 per share. Tata Steel shares slipped over 16% in last 3-months. Tata Steel on September 20 commissioned India's largest blast furnace at Kalinganagar, Odisha. With a total investment of Rs 27,000 crore, the Phase II expansion at Kalinganagar will take the total capacity at the site from 3 million tonnes per annum (MTPA) to 8 MTPA. Check details below:

1. Buy Tata Steel Shares: Last trading price of Tata Steel shares on BSE is Rs 152.05 per share. Brokerage firm Anand Rathi recommended buy call to Tata Steel shares with target price of Rs 165 and maintain stop loss at Rs 147.5. Meanwhile, Macquarie issued outperform rating on Tata Steel and upgraded the target to Rs 171 from Rs 162.

Shareholding: FII/FPI have increased holdings from 19.61% to 19.68% in June 2024 quarter. Number of FII/FPI investors increased from 1043 to 1088 in June 2024 quarter. Mutual Funds have increased holdings from 10.10% to 10.32% in June 2024 quarter. Number of MF schemes remains unchanged at 65 in June 2024 quarter.

Tata Steel Share Performance & Return: The 52-week high price of Tata Steel shares on BSE is Rs 184.60 apiece (as on 18/06/2024) and 52-week low price is Rs 114.25 per share (as on 02/11/2023), respectively. The company's market capitalisation stood at Rs 1,89,810.75 crore. Tata Steel shares slipped 16.62% in last 3-months, gained 19% in last 1-year, and offered return of 44% in last 2-years. Tata Steel stock soared 311% in last 5-years.

2. Buy TCS Shares: Last trading price of Tata Consultancy Services shares on BSE is Rs 4285.30 per share. Sharekhan maintained buy call on TCS with revised target price of Rs 5,230 (valued at 32x Sept 26E EPS). TCS also turned out to be the most upgraded IT stock along with HCL Technologies. 29 out of 47 brokerages recommended buy call to TCS shares.

TCS Share Performance: The 52-week high price of Tata Consultancy Services share on BSE is Rs 4585.90 apiece (as on 02/09/2024) and 52-week low price is Rs 3313.00 per share (as on 01/11/2023), respectively. The large cap IT Software giant of Tata Group has a market capitalisation of Rs 15,50,459.04 crore on BSE. Tata Consultancy Services shares slipped over 5% in last 1-week, gained 13% in last 3-months, and offered return of 19% in last 1-year. In last 5-years, TCS stock soared 107%.

3. Buy Tata Consumer Products Shares: Last trading price of Tata Consumer Products Ltd shares on BSE is Rs 1215.90 per share. Brokerage house ICICI Securities has recommended buy call to TCPL shares with target price of Rs 1385 per share.

TCPL Shares Performance & Return: The 52-week high price of Tata Consumer Products shares on BSE is Rs 1254.36 per share (as on 07/03/2024) and 52-week low price is Rs 844.74 per share (as on 04/10/2023), respectively. Its market capitalisation is Rs 1,20,301.58 crore. Tata Consumer Products shares price soared 12% in last 3-months, gained 42% in last 1-year, and rallied 360% in last 5-years.

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.