This parent investment company is poised to post stellar results in upcoming quarters basis the superb rally in the broader market . With a market cap of around rupees 8,000 crore and investment market value of over rupees 14,000 crore this investment company has been generating returns with over 15% CAGR since its inception.
The stock saw recent volume based buying after a very long consolidation of over 6 months , and the Bollinger bands have widened enough to trigger next leg of upside . The company is promoted by TATA sons and has investments in most of the profitable business of the group apart from many IPO Bound private unlisted companies. The inflection point came on 29 – SEP – 2021 when the stock successfully crossed all exponentially moving averages after 6 months of consolidation. This renewed interest in TATA group stocks will reflect in this company too and a strong re- rating is up on the cards.
- Stock Name : TATA Investments
- Reco price : 1664 , accumulate whenever stock goes down due to healthy correction
- Target : 2450+ / Time frame :: 120 Trading days