9 Tata Group Stocks: TCS, Titan, Trent, Power, Steel — Where’s upside, which to avoid? Brokerages decode

Tata Group Stocks To BUY: Brokerages have maintained a mixed but largely constructive stance on select Tata Group companies across sectors, including IT, metals, consumption, and retail, following recent quarterly updates and business outlook commentary.

While near-term challenges persist in some segments, analysts continue to highlight selective opportunities based on earnings visibility, demand trends, and valuations.

TCS Share Price Target

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For Tata Consultancy Services (TCS), with the stock at Rs 2,523, target prices remain widely dispersed, reflecting divergent views on growth.

Morgan Stanley’s target of Rs 3,540 implies an upside of about 40 per cent, while JP Morgan’s Rs 3,150 suggests a potential gain of around 25 per cent.

Nomura and CLSA targets of Rs 2,930 and Rs 2,985 indicate upside of about 16–18 per cent.

Goldman Sachs’ target of Rs 2,710 implies a modest upside of about 7 per cent, while UBS and HSBC see limited upside of 5–9 per cent with targets of Rs 2,660 and Rs 2,755.

On the downside, Jefferies and Citi targets of Rs 2,275 and Rs 2,250 indicate a potential fall of around 10–11 per cent.

Brokerages said Q4 performance was largely in line, with strong deal wins and improving AI-led revenue, but flagged concerns around slow growth, macro uncertainty and pressure in BFSI.

Titan Share Price Target

Titan Company, trading at Rs 4,496.50, continues to see a positive outlook led by strong jewellery demand. Morgan Stanley’s target of Rs 5,102 implies an upside of about 13 per cent, while Goldman Sachs’ Rs 5,000 suggests gains of around 11 per cent. JP Morgan and Citi targets of Rs 4,700 and Rs 4,750 indicate moderate upside of about 4–6 per cent.

Analysts highlighted robust domestic jewellery growth, strong consumer demand and acceleration in studded and plain gold segments, while cautioning that margin sustainability and competitive intensity remain key monitorables.

Tata Steel Share Price Target

In the metals space, Tata Steel at Rs 206.85 has an implied upside of around 16 per cent based on Macquarie’s target of Rs 241. The brokerage said firm domestic steel prices are expected to support EBITDA and earnings outlook, with preference for ferrous metals due to better pricing visibility.

Tata Chemicals Share Price Target

Tata Chemicals, trading at Rs 704, reflects a more balanced outlook. HSBC’s target of Rs 740 indicates a modest upside of about 5 per cent, while Motilal Oswal’s target of Rs 700 suggests a marginal downside of around 1 per cent, pointing to a cautious stance amid estimate cuts.

Tata Consumer Share Price Target

Tata Consumer Products, at Rs 1,093.80, offers relatively strong upside potential. CLSA’s target of Rs 1,193 implies gains of about 9 per cent, while Motilal Oswal’s target of Rs 1,370 suggests an upside of around 25 per cent. Brokerages cited improving growth visibility and earnings outlook in the FMCG segment.

Trent Share Price Target

Retail-focused Trent, trading at Rs 3,927, has an implied upside of about 4 per cent based on Goldman Sachs’ target of Rs 4,080, while Motilal Oswal’s target of Rs 4,330 suggests gains of around 10 per cent. Analysts said revenue growth has improved, supported by store additions, though pricing power in the value segment remains a concern.

Tata Motors PV Share Price Target

On Tata Motors’ passenger vehicle business, at Rs 343, brokerages remain cautious. Jefferies and Goldman Sachs targets of Rs 310 and Rs 308 imply a downside of about 10 per cent, while BofA’s Rs 315 suggests a fall of around 8 per cent.

Analysts cited weak demand across key global markets and uncertainty around volume growth and cash flows.

Indian Hotels Share Price Target

Indian Hotels Company, trading at Rs 643.95, has upside potential despite near-term headwinds. Goldman Sachs’ target of Rs 770 implies gains of about 20 per cent, while Jefferies and Motilal Oswal's targets of Rs 800 suggest upside of around 24 per cent.

Brokerages flagged weak foreign tourist arrivals and geopolitical disruptions but remain positive on long-term demand, supported by a strong pipeline and domestic travel trends.

Tata Power Share Price Target

Tata Power, at Rs 399.50, also sees moderate upside. Bernstein’s target of Rs 443 implies gains of about 11 per cent, while Motilal Oswal’s Rs 454 suggests upside of around 14 per cent.

Bernstein said India’s energy transition and push for electrification, supported by coal and solar strengths, positions diversified players like Tata Power well across thermal, renewables, storage and grid segments.