Hot Stocks: Brokerages on Tata Motors, Titagarh Rail, TCS and CG Power
Tata Motors, Tata Consultancy Services (TCS), Titagarh Rail Systems and CG Power and Industrial Solutions, which might move their stocks on Friday.
After the launch of new Tata Nexon EV Facelift, Nomura reiterated a buy on Tata Motors, while HSBC took a buy view on Titagarh Rail as railway stocks see top action. As for TCS and CG Power, buy rating was recommended by DAM Capital and Spark.
We have collated a list of recommendations from top brokerage firms from ETNow:
Nomura on Tata Motors: Buy | Target: Rs 786
Nomra has maintained a 'Buy' view on the counter while placing the target at Rs 786.
The view comes on the back of the launch of Tata Nexon EV Facelift which Nomura said was available at attractive pricing and may take it to the top spot in SUV segment. Major facelift to drive consumer interest and dealer survey indicates both these models appear feature-loaded, the note said.
The stock is currently trading at 4X FY25F EBITDA which we believe is attractive, it added.
Spark on TCS: Buy | Target: Rs 3,760
Spark has upgraded its stance on Tata Consultancy Services (TCS) to 'Add' from 'Reduce' while hiking the price target to Rs 3,760 from Rs 3,200. The brokerage said that there is now improved clarity in organisation structure and the company is better placed to drive growth amid competition.
It is well-positioned to improve its market share while the return ratios continue to remain better than peers, the note said.
HSBC ON Titagarh Rail: Buy | Target: Rs 900
HSBC has recommended a Buy on Titagarh Rail for a price target of Rs 900 which is up from an earlier target of Rs 750. Robust core industries' volume trends underpin very strong demand for railway wagons from the private sector, the brokerage noted while adding that
