{"id":72742,"date":"2022-11-11T13:40:00","date_gmt":"2022-11-11T08:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=72742"},"modified":"2022-11-11T13:38:22","modified_gmt":"2022-11-11T08:08:22","slug":"buy-this-tata-group-stock-for-an-upside-of-36-icici-securities","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/buy-this-tata-group-stock-for-an-upside-of-36-icici-securities\/","title":{"rendered":"BUY this Tata Group Stock for an upside of 36%; ICICI Securities"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2202300014\"><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>The shares of Tata Motors Limited inched up by 2.3 per cent on Friday morning and were trading at Rs 421 levels. The shares are trading in the green after the quarterly results of the company improved.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2052260169\"><!-- 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>In Q2FY23, the Tata group company reported a consolidated net loss of Rs 945 crore compared to Rs 4,441.5 crore, which they incurred a year earlier in the same period. The company saw increased sales of Jaguar Land Rover (JLR) and its other commercial vehicles.&nbsp;<\/p><p>The consolidated revenue from operations rose 29.7% to Rs 79,611.3 crore in the quarter under review, as against Rs 61,378.82 crore registered in the year-ago period.&nbsp;<\/p><p><strong>ICICI Securities Limited remains bullish on the stock and has given a \u2018Buy\u2019 call with a target of Rs 571 per share which represents an upside of 36% from the current levels.&nbsp;<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-2565328344\"><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>\u201cIndia business though impacted temporarily, is largely set to reach the targeted 10% EBITDA margin level in coming quarters with margin tailwinds coming in place,\u201d highlighted ICICI Securities in its report.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATAMOTORS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Motors Limited<\/a><\/strong>, part of the Tata group, is an Indian multinational automotive company that manufactures passenger cars, trucks, vans, coaches, and buses. The company has a market capitalization of Rs 1,40,124 Crores.\u00a0<\/p><p>The promoters hold a 46.4 per cent stake in the company and have pledged a 1.82 per cent stake. While Foreign Institutional Investors (FIIs) hold a 19.1 per cent stake as per the latest shareholding pattern.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/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-4259439796\"><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>The shares of Tata Motors Limited inched up by 2.3 per cent on Friday morning and were trading at Rs 421 levels. The shares are trading in the green after the quarterly results of the company improved.\u00a0 In Q2FY23, the Tata group company reported a consolidated net loss of Rs 945 crore compared to Rs [&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":[124,129,125,2363,3102,3679,3103,3678,4141,2822,2117,137,3064,159,793,2727,3109],"class_list":["post-72742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-tata-electric-cars","tag-tata-ev-future","tag-tata-evs","tag-tata-group","tag-tata-group-multibagger-stock","tag-tata-group-multibagger-stocks","tag-tata-group-stock","tag-tata-group-stocks","tag-tata-group-stocks-returns","tag-tata-groups","tag-tata-motors","tag-tata-motors-electric-vehicles","tag-tata-motors-news","tag-tata-motors-sales","tag-tata-motors-share-price-target","tag-tata-news","tag-tata-stocks"],"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>BUY this Tata Group Stock for an upside of 36%; ICICI Securities - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=72742\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BUY this Tata Group Stock for an upside of 36%; ICICI Securities\" \/>\n<meta property=\"og:description\" content=\"The shares of Tata Motors Limited inched up by 2.3 per cent on Friday morning and were trading at Rs 421 levels. 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