According to reports from ET Now, brokerages have issued mixed recommendations for Tata Group stocks following quarterly earnings announcements. Tata Communications receives the most bullish outlook with a BUY rating and ₹2,000 target price, implying 31.2% upside potential. TCS maintains an Overweight rating with ₹2,880 target price, indicating 13.5% upside, while Trent shows varied ratings from Neutral to Outperform with target prices ranging from ₹4,330 to ₹5,000. However, Tata Elxsi faces downside pressure with Elara Capital maintaining a SELL rating at ₹3,800 target price, reflecting 13% downside risk. Latest market developments show Tata Steel shares jumping 12% in April as Nomura maintains a bullish outlook on India's resilient steel sector, while Tata Motors and Maruti Suzuki shares have rebounded in April after March decline.
As reported by ET Now, Elara Capital maintains a SELL rating on Tata Elxsi, lowering its target price to ₹3,800 from ₹3,930. The brokerage highlights that the company's growth guidance has been reduced due to delayed project ramp-ups and weak traction in key sectors. While margins remain stable, limited revenue growth and a slight earnings cut raise concerns about its valuation at ~27x FY28E EPS. Morgan Stanley maintains an 'Underweight' rating with ₹4,200 target price, implying 4% downside from current levels. Latest market reactions show Tata Elxsi shares fell over 4% after weak Q4 performance, with analysts divided on growth prospects amid subdued market conditions.
According to ET Now, Morgan Stanley maintains an overweight rating on TCS with ₹2,880 target price, indicating 13.5% upside. The brokerage expects revenue growth for FY27 around 4%, outperforming peers. The analysis suggests that past underperformance is already reflected in its valuation, and the discount is likely to narrow. TCS reported a significant headcount reduction of 23,460 in FY26, ending with 584,519 employees, with the company concluding its restructuring and planning aggressive campus hiring to onboard around 40,000 freshers annually. Despite this, TCS remains cautious about FY27 hiring due to unclear global demand amid AI-led automation concerns.
As reported by ET Now, Nuvama maintains a Buy rating on Tata Communications with ₹2,000 target price, implying 31.2% upside. The brokerage highlights that Q4FY26 revenue beat estimates, aided by currency tailwinds, though underlying growth remained modest. Digital and data segments drove gains, while margins dipped slightly. Profit missed expectations due to depreciation, but strong order bookings and pipeline support future growth prospects for the telecommunications company. Latest developments show Tata Communications reported a 75% YoY drop in Q4 profit to ₹259 crore due to absence of one-off gains, despite 9% revenue growth, with the company declaring a ₹17.5 dividend.
According to ET Now, Trent shows varied brokerage ratings with Nuvama Institutional Equities maintaining HOLD at ₹4,828 target price. HDFC Securities has downgraded to ADD with ₹4,500 target price, while Goldman Sachs maintains Neutral with ₹4,330 target price. Morgan Stanley maintains Overweight at ₹4,835 target price, and Elara Capital maintains ACCUMULATE at ₹4,800 target price. Bernstein holds the most bullish stance with OUTPERFORM rating and ₹5,000 target price, seeing 13.5% upside potential for the retail and apparel company. Latest market developments show Trent Q4 Results: Cons PAT jumps 26% YoY to ₹400 crore with revenue from operations climbing 19% to ₹5,028 crore, with shareholders benefiting from a ₹6 per share dividend and a 1:2 bonus issue, marking the company's first bonus issue. Trent shares added 0.96% to end at ₹4,435.60 on the BSE following the strong quarterly performance.
