3 Tata Stocks Trading Near 52-Week Low Prices, Brokerages Recommend Buy Rating

3 Tata group stocks are currently trading near their 52-week low prices. These stocks are Tata Consultancy Services Ltd, Tata Power Company Ltd, and Tata Consumer Products Ltd. Meanwhile, brokerages have maintained bullish view and anticipate the shares soaring. if you buy these Tata stocks now, you can fetch potential return of 38%. Check details below:

1. Buy Tata Power Company Ltd: Last trading price of Tata Power Company Ltd is Rs 190.20 apiece and 52-week low price is quoted at Rs 182.45 apiece. The stock declined 36% from its 52-week high price of Rs 298.00 apiece. ICICI Securities has recommended buy rating to Tata Power shares with target price of Rs 262 apiece.

If you buy Tata Power shares now, you can expect to receive likely return of 38%. The mid cap stock's market capitalisation is Rs 60,775.36 crore. The company came into existence in 1919.

The stock declined 20% in last 1-year, gave return of 84% in last 2-years, and 479% in last 3-years.

According to ICICI Securities, "Tata Power Company's (TPWR) run of strong quarterly results continued in Q3FY23 sustained by higher profits from coal and Mundra businesses and robust performance of distribution businesses. We maintain BUY and our SoTP-based target price of Rs262. The stock is currently trading at FY24E P/E of 20.3x and P/B of 2.3x."

2. Buy Tata Consultancy Services Ltd: Last trading price of TCS is Rs 3205.80 apiece with 52-week low price quoted at Rs 2926.00 apiece. The stock declined 16% from its 52-week high price of Rs 3835.50 apiece. Motilal Oswal is upbeat on the stock and expects it to soar. According to Motilal Oswal, "Given TCS's size, order book, and exposure to long duration orders, and portfolio, it is well positioned to withstand the weakening macro environment and ride on the anticipated industry growth."

If you buy TCS share with target price of Rs 3810 apiece, you can fetch likely return of 19%. The company's market capitalisation is Rs 11,73,018.69 crore. The large cap stock gave return of 75% in last 3-years and 125% in last 5-years. It slipped 14% in last 1-year.

3. Buy Tata Consumer Products Ltd: Last trading price of Tata Consumer Products Ltd is Rs 710.05 apiece and 52-week low price is Rs 685.00 apiece. The stock fell 18% from 52-week high price of Rs 861.35 apiece.

KR Choksey has maintained bullish view on Tata Consumer Products shares and assigned buy rating with target price of Rs 964 apiece. If you buy Tata Consumer Products share now, you can get potential upside of 36%.

The large cap FMCG sector stock gave return of 140% in last 3-years and declined 8% in last 1-year. The market cap of the stock is Rs 65,964.47 crore.

According to KR Choksey, "We have valued TATACONS on a SOTP basis. For India Business, we apply an EV/EBITDA multiple of 35.0x to FY25E EBITDA; for International Business, we apply an EV/EBITDA multiple of 14.8x to FY25E EBITDA; and for Starbucks business, we apply an EV/Revenue multiple of 2.8x to FY25E Revenue."

Disclaimer:The stocks have been picked from the brokerage report of ICICI Securities, KR Choksey, and Motilal Oswal. 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.