Tata Group is one of India’s leading multinational business conglomerates expertising in multiple segments which includes manufacturing of automobiles, steel, power, mining, retail products, engineering, information technology, and others. It was founded in 1868 and currently caters to more than 100 countries.
Here are two stocks under Tata Group with an upside of up to 17% from their current market price which include:
Tata Motors
Share price of Tata Motors is currently trading at Rs 644. It gained almost 0.50% to reach its intra-day high of Rs 645 per share. The stock gained 3.70% in the last one month and 56.65% in the last six months.
Tata Motors is a leading global auto manufacturing company. The company was established in the year of 1945 and it is based in India. It manufactures cars, buses, trucks, utility vehicles, and defence vehicles.
Motilal Oswal Financial Services has given a target of Rs. 750 per share to Tata Motors which is an upside of 16.4% from its current market price.
Comparing its financials on a QoQ basis, the company recorded a revenue of Rs. 1,05,932.35 crore in Q4FY23 which is a reduction of 3.4% to Rs. 1,02,236.08 crore in Q1FY24. Its net profit of Rs. 5,407.79 crore in Q4FY23 decreased 40.7% to Rs. 3202.8 crore in Q1FY24. It maintains a low price to earnings ratio of 20.03 against its industry average price to earnings ratio of 53.82
Tata Steel
Share price of Tata Steel are currently trading at Rs 131. It rallied about 0.55% to reach its 52-week high price of Rs 135 per share on Monday. The stock gained 12.19% in the last one month and 25.50% in the last six months.
Tata Steel was established back in 1907 and is involved in steel and iron products. It is a multinational steel-making company and producer. It is engaged in mining, manufacturing and marketing of its finished products.
Prabhudas Lilladher has given a target of Rs. 144 per share to Tata Steel which is an upside of 9.92% from its current market price.
As per its latest financial report, the company recorded its figures in red. Revenue of Rs. 62,961.54 crore in Q4FY23 saw a reduction of 5.5% to Rs. 59,489.66 crore in Q1FY24. Its net profit of Rs. 1,704.86 crore in Q4FY23 decreased 62.81% to Rs. 633.95 crore in Q1FY24. It maintains a low debt to equity ratio of 0.76 and has a good 3 year average ROE of 21.18
Written by Bhumika Khandelwal
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