This Tata Group stock has been booming, up 814% in three years, according to 28 brokers – invest money, there will be profit

New Delhi. Tata Group company Tata Motors Share shares have continued to soar since the Corona epidemic. This car stock, which had risen to the level of Rs.63.60 in the Covid-19 era, has now reached Rs.585. On Tuesday, this stock made a new 52-week high, touching the level of Rs 585.95. Brokers are also bullish on this auto stock. That’s why 28 out of 36 brokerage firms advise investors to invest in this stock. In three years, this stock has gained 814 percent.

The commercial vehicle and passenger car maker Tata Motors is one of the best-performing companies on the Nifty 50 this year. Last month itself, this company became the second private company to turn over Rs 100,000 in a quarter. Previously, Reliance Industries became the first company to earn 1 lakh crore rupees in a quarter.

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28 analysts gave a buy opinion
CNBCTV 18 Hindi According to a report, 28 out of 36 analysts covering Tata Motors gave the stock a “buy” rating. On the other hand, three analysts have issued a “hold” and five a “sell” opinion. Brokerage firm Nomura has increased the target on this stock to Rs 610 crore from Rs 508 crore. Jefferies also has a buy rating on Tata Motors. The broker has increased the price target on this stock to 700 rupees from 665 rupees. Similarly, ICICI Direct has a Buy rating on the stock with a target price of Rs.700. Similarly, Golman Sachs has also raised the price target on this stock to Rs.600 from Rs.550.

strong outlook
Goldman Sasse says the outlook for the JLR business is positive for the company. In addition, strong fiscal year 2024 financials are expected due to the EV business at the national level. According to a report in Business Today, Vaishali Parekh, vice president of technical research, tells Prabhudas Lilladher that the stock has just managed a breakout above 580 rupees. It may continue to rise and reach the Rs.610 level in the near future. The stock has strong support at the 558 rupees level.

(Disclaimer: The stocks mentioned here are based on advice from brokerage houses. If you are interested in investing in these stocks, please consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen.)

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Keywords: Business news in Hindi, stock market, Stock Tips, Tata, Tata Motors