4 Tata Group Stocks To Add, Buy For Stellar Returns, dividend; Analysts Bullish

Leading analysts are upbeat on 4 Tata Group stocks and assigned buy and add call. These stocks are Tata Consultancy Services, Indian Hotel Company Limited, and Tata Chemicals. These stocks possess the potential to offer stellar returns to shareholders. Meanwhile, TCS also recommended Rs 10/share dividend. Nomura has neutral call on TCS with target price of Rs 4150 per share and ICICI Securities suggested add with target price of Rs 4850 per share. Meanwhile, Axis Securities suggested buy to Tata Chemicals shares in the range of Rs 1120 to Rs 1098 per share. Another analyst Stoxbox gave buy rating to Indian Hotel Company shares with target price of Rs 749 per share. Check key details inside:

1. Buy Indian Hotel Company Limited Shares: Brokerage firm Stoxbox recommended buy call to Indian Hotel Company shares with target price of Rs 749 and stop loss at Rs 662 per share. According to the analyst, despite latest profit booking, Indian Hotel shares reflect relative outperformance against the Nifty50, showing a favorable outlook. Current market price of Indian Hotel Company shares on BSE is Rs 708.80 per share. The company's market capitalisation stood at Rs 100,892.88 crore. The 52-week high price of Indian Hotel Company shares on BSE stood at Rs 720.60 per share (as on 24/09/2024) and 52-week low price is Rs 371.45 per share (as on 27/10/2023), respectively. Indian Hotel shares zoomed 62% in 2024 and gained 71% in last 1-year. IHCL shares surged 384% in last 5-years.

2. Add/Buy TCS Shares: 2 analysts recommended calls to Tata Consultancy Services shares. ICICI Securities assigned add call to TCS shares with target price of Rs 4840 per share and Nomura has neutral call with target price of Rs 4150 per share. Last trading price of Tata Consultancy Services shares on BSE is Rs 4150.60 per share. The 52-week high price of TCS shares on BSE is Rs 4585.90 per share (as on 02/09/2024) and 52-week low price is Rs 3313.00 per share (as on 01/11/2023), respectively. The company has a market capitalisation of Rs 15,01,723.41 crore. The stock has a ROE of 56.42 and EPS (TTM) of 130.61. Tata Consultancy Services shares slipped over 7% in last 1-month, gained 15% in last 1-year and soared 108% in last 5-years. TCS on Oct 10 recommended Rs 10 per share dividend of the face value of Re 1 each. The company fixed October 18, 2024 as the record date. According to Nomura, "Q2 earnings saw modest miss at revenue, but significant miss at margin and BSNL deal drives growth in Q2.

3. Buy Tata Chemicals Shares: Brokerage firm Axis Securities recommended buy call to Tata Chemicals shares with target price in the range of Rs 1120 to 1098 per share. the analyst has suggested to keep the stop loss at Rs 1072. Current market price of Tata Chemicals shares on BSE is Rs 1184.25 per share. The company's market cap stood at Rs 30,169.51 crore. In last 1-month, Tata Chemicals shares gained 15% and soared 14% in last 1-year. The company will consider financial results on October 17, 2024.

4. Buy Trent Shares: Brokerage firm Morgan Stanley is upbeat on this Tata Group stock that more than doubled investors wealth in last 1-year. Current market price of Trent Ltd shares on BSE is Rs 8238.90 per share. The analyst has overweight rating on Trent share with target price of Rs 8032 per share after the company forayed into mass-priced beauty segment with Zudio Beauty. Trent opened first Zudio Beauty store in Bengaluru and seeks to expand in leading cities like Gurugram, Pune and Hyderabad. Citi issued a target price of Rs 9250 per share to Trent Limited shares. Trent has a market cap of Rs 2,92,882.56 crore. Trent shares gained 292% in last 1-year and rose 1522% in last 5-years.

Disclaimer:

The stocks have been picked from the brokerage reports of Nomura, Axis Securities, Stoxbox, and Nomura. 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.