The Benchmark Indices closed in the green today with the Sensex gaining 274 points and closing at Rs 65,617.84. Moreover, the Nifty 50 index gained 84 points and closed at Rs 19,439.40.
Listed below are four stocks from the Tata Group universe that have performed well considering the stock price movements in the Year-To-Date (YTD) period.
Tata Communications Limited
The shares of Tata Communications Limited closed today at Rs 1,638.40, gaining about 7 percent as compared to the previous closing levels of Rs 1,532.30. The company has a market capitalization of Rs 46,694 crores.
During the YTD period, the company’s stock has shown a gain of around 24 percent from Rs 1,317.55 at the start of January 2023 to the current price levels.
ICICI Securities gave a ‘Buy’ recommendation for the stock with a target price of Rs 1,810 indicating a potential upside of 11 percent from the current price prevailing in the markets.
Tata Communications Limited primarily provides national as well as international voice & data transmission and many other value-added services.
Trent Limited
The shares of Trent Limited closed today at Rs 1,693.05, gaining about 1 percent as compared to the previous closing levels of Rs 1,676.65. The company has a market capitalization of Rs 60,185 crores.
During the YTD period, the company’s stock has shown a gain of around 26 percent from Rs 1,342.15 at the start of January 2023 to the current price levels.
Sharekhan gave a ‘Buy’ recommendation for the stock with a target price of Rs 2,025 indicating a potential upside of 20 percent from the current price prevailing in the markets.
Trent Limited, with the help of its subsidiary companies, offers various brands across men’s and women’s wear, footwear, cosmetics, and many other accessories.
Tata Motors Limited
The shares of Tata Motors Limited closed today at Rs 628.50, gaining about 1.60 percent as compared to the previous closing levels of Rs 618.65. The company has a market capitalization of Rs 2,08,755 crores.
During the YTD period, the company’s stock has shown a gain of around 60 percent from Rs 394.80 at the start of January 2023 to the current price levels.
ICICI Direct gave a ‘Buy’ recommendation for the stock with a target price of Rs 700 indicating a potential upside of 11 percent from the current price prevailing in the markets.
Tata Motors Limited designs as well as manufactures various automotive vehicles. It offers passenger cars, light commercial vehicles, defense vehicles, and other spare parts & accessories.
Benares Hotels Limited
The shares of Benares Hotels Limited closed today at Rs 5,900, gaining about 0.80 percent as compared to the previous closing levels of Rs 5,855.90. The company has a market capitalization of Rs 770 crores.
During the YTD period, the company’s stock has shown multibagger returns of around 120 percent from Rs 2,697.75 at the start of January 2023 to the current price levels.
Benares Hotels Limited, having a sole business of Hoteliering, operates hotels including The Gateway Hotel in Maharashtra, Taj Nadesar Palace & Taj Ganges Hotel in Varanasi, etc.
Written by Amit Madnani
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