During the Diwali festival, Indian stock exchanges host a special trading session called muhurat trading, which is regarded as auspicious and is believed to usher in wealth and prosperity for the coming year. For the Hindu calendar year Samvat 2081, this year’s muhurat trading will occur on November 1, 2024, from 6:00 PM to 7:00 PM, with a pre-opening session starting at 5:45 PM.
Analysts have recommended the following Tata Group stocks for investment during the muhurat trading session:
- Tata Investment Corporation
- Current Market Price (CMP): ₹6,524.4
- Target Price: ₹7,580
- Recommended By: Way2Wealth Brokers
- Overview: This company holds significant stakes in several Tata Group firms, including Tata Chemicals, Tata Consumer Products, and others. Its stock price may be positively influenced by developments concerning its mandatory listing by September 2025.
- Tata Technologies
- CMP: ₹1,011.5
- Target Price: ₹1,180
- Recommended By: Way2Wealth Brokers
- Overview: Tata Technologies is well-positioned in digital engineering and is expanding its client base across industries such as aerospace, automotive, and battery technology, suggesting a strong growth trajectory.
- Tata Power
- Buy Price: ₹440 and ₹422
- Target Price: ₹553
- Stop Loss: ₹374
- Recommended By: MasterTrust
- Overview: The stock is currently trading within a rising channel, showing potential for a rebound. It has held above key moving averages, indicating sustained buyer interest and potential for further appreciation.
- Tata Elxsi
- Buy Price: ₹7,220 and ₹6,850
- Target Price: ₹9,130
- Stop Loss: ₹6,060
- Recommended By: MasterTrust
- Overview: Trading near a significant support level, Tata Elxsi displays positive momentum with the potential for upward movement, making it an attractive investment option.
- Tata Motors
- CMP: ₹907
- Target Price: ₹1,225
- Stop Loss: ₹770
- Recommended By: Prabhudas Lilladher
- Overview: After experiencing a decline, the stock has found support near long-term trendlines. Technical indicators suggest it is nearing an oversold condition, making it a favorable buy with significant upside potential.
These Tata Group stocks are highlighted for their positive outlook and potential growth, based on comprehensive market analysis. As always, it is advisable to consult with certified experts before making any investment decisions.
Disclaimer: The stock recommendations provided are based on market analysts’ opinions and are for informational purposes only. They do not constitute financial advice. Investors should conduct their own research and consult with certified financial advisors before making any investment decisions. The author and affiliated entities are not liable for any losses incurred from these recommendations.
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