{"id":113241,"date":"2023-11-06T15:37:58","date_gmt":"2023-11-06T10:07:58","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113241"},"modified":"2023-11-06T15:38:03","modified_gmt":"2023-11-06T10:08:03","slug":"tata-group-stock-to-buy-now-for-an-upside-of-more-than-20-do-you-hold-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-to-buy-now-for-an-upside-of-more-than-20-do-you-hold-it\/","title":{"rendered":"Tata Group stock to buy now for an upside of more than 20%; Do you hold it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1663501630\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this large-cap Tata Group company are in focus after CLSA gave a positive outlook for the company after it announced robust Q2 results. In the past six months, the company\u2019s stock has gained nearly 20 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2132174272\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 2.89 lakh crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TITAN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Titan Company Limited<\/a><\/strong>, a Tata Group company, started their trading session on Monday at Rs 3,338 and currently trades at Rs 3,256, slipping around 0.50 percent compared to the previous close of Rs 3,272.55 apiece.\u00a0<\/p><p>Digging into the financials recently announced by the company, the operating revenues, as well as net profits, showed decent movement with the former increasing from Rs 11,897 crores during Q1FY23-24 to Rs 12,529 crores during Q2FY23-24, and, the latter, during the same period, moving up from Rs 756 crores to Rs 915 crores representing a jump of around 21 percent.&nbsp;<\/p><p><strong>Having a positive outlook for the company, CLSA, a capital markets and investment group company, upgraded the rating for Titan from \u2018Outperform\u2019 to \u2018Buy\u2019 and revised the target price from Rs 3,540 to Rs 3,948 indicating an upside of 21.25 percent as compared to the current stock price level.\u00a0<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-2819951430\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Historically, the Tata Group entity has showcased consistent growth in profitability ratios in the past few financial years with the return on equity (RoE) increasing recently from 26.18 percent during FY21-22 to 30.97 percent during FY22-23, and, the return on capital employed (RoCE) increasing from 23.04 percent to 27.47 percent.&nbsp;<\/p><p>As per the shareholding data available for the September 2023 quarter, the company\u2019s Promoters hold a 52.9 percent stake, and the Foreign Institutional Investors (FIIs), recently increasing their stake, currently hold a 19.05 percent stake in the company.&nbsp;<\/p><p>Titan Company Limited is an India-based company involved in the manufacturing and sale of watches, eyewear, jewellery, and other accessories and products. Generating a majority of its revenue from the \u2018jewellery\u2019 segment, the company sells its products under various brands such as Fastrack, Tanishq, Skinn, etc.&nbsp;<\/p><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1643439727\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this large-cap Tata Group company are in focus after CLSA gave a positive outlook for the company after it announced robust Q2 results. In the past six months, the company\u2019s stock has gained nearly 20 percent.&nbsp; With a market capitalization of Rs 2.89 lakh crores, the stocks of Titan Company Limited, a Tata [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,13014,14067,11915,14068],"class_list":["post-113241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-titan-company-latest-news","tag-titan-company-q2-results-fy23","tag-titan-company-share-price","tag-titan-company-share-target"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Group stock to buy now for an upside of more than 20%; Do you hold it? - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this large-cap Tata Group company are in focus after CLSA gave a positive outlook for the company after it announced robust Q2 results. 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