Brokerage says that Tata Tech can give 25 percent return. There is a possibility of 15 percent rise in Tata Power’s shares. Tata Power shares have given good earnings to investors so far.
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Market Analysis: Assessing Tata Tech and Tata Power’s Potential
Fluctuations continue in the Indian Stock Market this month i.e. May. After filling the void for three consecutive months, the market is now experiencing hiccups. In this era of uncertainty, finding earning stocks becomes a very difficult task. If you are also looking for quality shares (Stock To Buy), then you can invest money in Tata Technologies (Tata Tech Share) and Tata Power Share (Tata Power Share). Domestic brokerage firm ICICI Securities says that these two stocks of Tata Group can give profits of up to 27 percent to investors in the coming time.
Brokerage Recommendations: Unveiling Profit Opportunities with Tata Group Stocks
The listing of Tata Technologies shares in the market was done with much fanfare. The issue price of Tata Tech share was Rs 500 and on the day of listing the share closed at Rs 1,314.25 with a rise of 162.85 per cent. But, after listing, this stock started declining and now this stock is trading about 20 percent below the closing price of its listing day. Tata Tech shares closed at Rs 1,050 in the last trading session
Tata Tech: Riding the Wave of Auto Engineering and R&D Boom
ICICI Securities has started coverage of Tata Tech shares and has given it a ‘Buy’ rating. The brokerage says that Tata Tech is well positioned to take advantage of the boom in the auto engineering and research and development segments. The growing digital engineering penetration and India’s favorable position as an outsourcing destination enhance Tata Tech’s growth prospects. ICICI Securities has fixed the target price of Tata Tech shares at Rs 1,330. This is about 27 percent more than the current price.
Tata Power: Fueling Growth with Renewable Energy Initiatives
ICICI Securities is also bullish on Tata Power shares. The brokerage has advised investors to buy Tata Power shares for a target price of Rs 490. The brokerage says that Tata Power is building a big renewable energy platform. The company has so far created 10 GW of renewable assets, 4 GW of solar manufacturing capacity and an EPC arm and rooftop solar division. The brokerage says that considering the strong growth prospects of the company, it has given buy rating to this stock.
Disclaimer
Information here is for education only. Not investment advice. Consult a financial advisor for decisions."