new Delhi. If you have seen ‘Scam 1992 The Harshad Mehta Story’ web series, then it will also be remembered that Harshad Mehta, the main character of the story, advises people many times that buy any Tata shares, you will be in profit. So it can be believed that from small investors to big players in the stock market, Tata Group Stocks has always been trusted. At present, the stock of Titan Company is also highest in the portfolio of India’s Big Bull Rakesh Jhunjhunwala. Now brokerage firm IIFL Securities has given a buy advice to 2 stocks of Tata Group. One Tata Motors Ltd and the other Tata Steel Ltd.
Tata Motors is a large cap company. The company manufactures automobiles, utility vehicles, trucks, buses and vehicles for defence. This stock made a 52-week high on 17 November 2021, which was Rs 536.70 and its 52 week low was Rs 268.45, which was made on 24 August 2021. Yesterday, the share of Tata Motors closed at Rs 494 on Monday.
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Talking about Tata Steel, it is also a large-cap company with a market capitalization of more than Rs 145 crore and one of the top steel making companies in India. The stock touched a 52-week high of Rs 1534.50 on 16 August 2021, and was at a 52-week low of Rs 655.95 on 19 February 2012. The stock has now closed at Rs 1,181 on NSE on Monday.
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Target of both stocks
Brokerage firm IIFL Securities has given a target of Rs 595 for the share of Tata Motors Ltd. According to the firm, Tata Motors’ Consolidated EBITDA was 6% better than their weak estimates. Although Jaguar Land Rover’s (JLR) volume ramp-up was slower than expected due to chip shortage, the ASP and margin figures were better as the company preferred profitable models. While advising to buy Tata Steel Ltd, the brokerage firm has given a target of Rs 1,380 for this.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first. Tech for FTCP will not be responsible for any profit or loss caused by you .)
Tags: stock tips, Tata Motors, Tata steel
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