Analysts see major upside potential in these five Tata Group stocks

Indian hotels
After the results of Indian Hotels, brokerage house Axis Securities issued a buy recommendation. The target price is Rs 800. The stock can see an upside of 16.28 percent from the current price. According to the brokerage, the second quarter results of the Tata Group company are better than expected. The standalone domestic business has grown 15.9% year over year.

Tata Steel
Axis Securities has given a BUY rating for Tata Steel. The target price is Rs 175. The stock can fetch a return of 16 percent from the current price. According to the brokerage report, Tata Steel has performed well in the second quarter. Turnover and EBITDA were better than expected. The Indian business remained strong, while the European market declined. The company’s profits increased thanks to low costs.

Titan
Prabhudas Lilladher has given a buy recommendation for Titan Company, a Tata Group company. The target price is 3,670 euros. The stop loss is Rs 2,900. The share could rise up to 15 percent from the current price. According to the brokerage, Titan’s shares have undergone a good correction against the 3870 zone and are witnessing consolidation at the low of 3130. Due to the reduction in customs duties, Titan’s profit in the second quarter fell by 23 percent.

Trent
Axis Securities has given a buy rating on Tata Group Stocks Trent. The target price is 7,450 euros. The share could show an increase of up to 15 percent compared to the current price. According to the broker report, things are looking good despite weak consumer confidence. Revenue grew 39.6 percent year-on-year to Rs 4,036 crore in the second quarter. Despite the challenging environment, Trent is able to post strong numbers compared to its competitors. There is double-digit growth in the fashion formula due to the expansion of the stores.

Tata engines
Global real estate brokerage Macquarie has given Tata Group’s car company Tata Motors an outperform rating. The target price has been set at Rs 1,278. The stock could see an upside of 62 percent from its current price. During the September quarter, both the company’s profits and revenues fell. The brokerage believes that there will be an upturn in the second half of the year.

(Disclaimer: Here the brokerage has recommended buying the stock. This is not the opinion of Zee Business. Consult your advisor before investing.)