These 2 Tata Group Shares Will Make You Earn, Brokerage Tells – How Much The Price Will Go

New Delhi. Indian stock market continues to fluctuate in this month i.e. May. After three consecutive months of gap-filling, 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 (stocks to buy), you can invest in Tata Technologies (Tata Tech Share) and Tata Power Share (Tata Power Share). Domestic brokerage firm ICICI Securities says that these two Tata Group stocks can give investors returns of up to 27 percent in the coming period.

Tata Technologies shares were listed on the market with much fanfare. The Tata Tech share had an issue price of Rs 500 and on the day of listing, the share closed at Rs 1,314.25, up 162.85%. But, after the listing, the stock started to decline and is now trading around 20% below its closing price on the day of listing. Shares of Tata Tech closed at Rs 1,050 in the last trading session.

Also Read- Shares of this engineering company will go up to Rs 80! If you invest Rs 1 lakh then you will get that much profit.

The brokerage advised to buy.
ICICI Securities has initiated coverage on shares of Tata Tech and has given it a ‘Buy’ rating. Tata Tech is well-positioned to capitalize on growth in the auto engineering and research and development sectors, the brokerage said. The growing penetration of digital engineering and India’s favorable position as an outsourcing destination enhance Tata Tech’s growth prospects. ICICI Securities has set a target price of Rs 1,330 on Tata Tech Share. This is about 27% higher than the current price.

Tata Power shares will rise further.
ICICI Securities is also bullish on Tata Power shares. The brokerage has advised investors to buy Tata Power shares at a target price of Rs 490. Tata Power is building a large renewable energy platform, the brokerage said. The company has so far built 10 GW of renewable assets, 4 GW of solar generation capacity and an EPC arm and rooftop solar division. The brokerage says it has given the stock a buy rating given the company’s strong growth prospects.

(Disclaimer: The stocks mentioned here are based on the advice of the brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 is responsible for any profit or loss you make. will not be responsible).

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