ICICI Securities predicts up to 27% upside for 2 Tata Group stocks

In a volatile market scenario, where uncertainties loom large due to global factors and domestic events like the Lok Sabha elections, domestic brokerage house ICICI Securities has identified two Tata Group stocks that are showing promise amidst the chaos.

The first stock, Tata Technologies, has caught the attention of the brokerage with its strong positioning in the auto-engineering, research & development (ER&D) segment. Despite facing challenges like client-specific ramp-down, Tata Tech is expected to see robust revenue and EPS growth in the coming years, backed by structural drivers like digital engineering penetration and India’s outsourcing advantage.

On the other hand, Tata Power has also piqued the interest of ICICI Securities with its leading renewable energy platform. The company’s focus on both asset-light and asset-heavy businesses, coupled with its ambitious plans to double its RE capacity in the next two years, has positioned Tata Power as a standout player in the renewable energy sector.

ICICI Securities has given a ‘buy’ call on both Tata Technologies and Tata Power, citing their strong growth prospects and strategic positioning in their respective industries. Investors are advised to consult with certified experts before making any investment decisions, as market conditions remain unpredictable.

Overall, amidst the market downturn, these two Tata Group stocks are shining bright and could potentially offer lucrative opportunities for investors looking to capitalize on the growth potential in the auto-engineering and renewable energy sectors.