Tata Group stocks Future: These 3 shares of Tata can remain bullish for next 5 days, add them to watch list now
As the market eagerly awaits the performance of Tata Group stocks, analysts have provided insights into the potential movements of Tata Power, Tata Steel, and Tata Motors for tomorrow’s trading session.
Tata Power: Upward Momentum Expected
Tata Power’s share price closed at ₹438.70 on Wednesday, up by 0.71% from the previous day’s closing of ₹445.35. The stock has shown a positive trend in recent weeks, with a 3-year return of 214.46% compared to the Nifty 100’s return of 49.32%.
According to ICICI Securities, Tata Power is a strong contender in the private capex space and is expected to soon “fly like a rocket”. The brokerage firm has a “buy” recommendation on the stock with a target price of ₹500.
Tata Steel: Downtrend Weakening
Tata Steel’s share price is predicted to move in a downtrend, but the trend appears to be weakening. The stock is currently trading below an important level of ₹151.05, and if it remains below this level, it might show a fall in the short term.
However, the AI Munafa prediction value for Tata Steel is 40 as of Wednesday, September 11, 2024, indicating that the stock is moving downwards and might continue to do so. The stock price targets for Tata Steel are ₹146.61 on the downside and ₹149.19 on the upside.
Tata Motors: Cautious Outlook
Tata Motors’ share price performance is not mentioned in the given search results. However, considering the mixed outlook for the Tata Group stocks, investors may want to approach Tata Motors with caution until more specific information becomes available.
