Which Tata stocks look attractive? Jefferies picks 4
Tata Sons chief N. Chandrasekaran announced his non-renewal of term in February 2027, potentially instilling short-term concerns over the group's leadership. Despite this leadership shift, Jefferies maintains confidence in the company's business fundamentals. The brokerage identifies Tata Consumer Products, Tata Steel, Indian Hotels, and Voltas as attractive investment opportunities.
Tata Consumer offers the greatest upside, with a target price of ₹1,450, hinting at over 30% potential gains. Growth in Tata Consumer's newer businesses has propelled its revenue to over 35% of total revenue in fiscal 2026, compared to mid-single-digit growth in fiscal 2020. Tata Steel, the next highest upside candidate, boasts a price target of ₹240, implying a potential 29% gain.
The company stands to benefit from potential recovery in Indian steel prices and an expansion in Asian conversion spreads. Meanwhile, Tata Consumer Products and Tata Steel exhibit growth prospects driven by diversification and expanding markets, while Tata Motors Passenger Vehicles and Tata Power remain rated as Underperform due to competition, rising costs, and execution challenges.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
