Tata Group Stocks: Veteran investor Rakesh Jhunjhunwala has also invested in both these stocks of Tata Group.
Best stocks to buy today in India.
Tata Group Stocks: The stock market has given a good response to the budget. Today (February 3) profit-booking is visible in the market after two consecutive days. If you want to include quality stocks in the portfolio amid the ongoing volatility in the market, then two shares of Tata Group, Titan Company, and Indian Hotels Company Ltd can be a better option. Brokerage houses are looking bullish on Indian Hotels after the recovery in the hospitality sector and good Q3 results. Advice on investing in Indian Holts. At the same time, Titan's stock also looks better to buy due to the recovery in jewelry business margins. Veteran investor Rakesh Jhunjhunwala has also invested in both these stocks of Tata Group.
These two stocks are the Best stocks to buy today in India for the long term under 3000.
1. Indian Hotels: Stocks expected to rise up to 30%
The quarterly results of Indian Hotels have been better than expected. The company has made a profit of 96 crores in the December quarter. Whereas, there was a net loss of 133 crores in the same quarter of last year. Brokerage firm Motilal Oswal says that the third wave of Corona may affect the earnings of the hospitality sector in the near term. However, after the second wave, there is a strong recovery in the sector due to faster vaccination and lower hospitalization.
Motilal Oswal says Indian Hotels is a strong company in this space. The company's earnings have been better than expected. The company's Revenue/Ebitda for 3QFY22 is better than anticipated. We have raised the EBITDA estimate for FY22 by 20 percent. The same has been maintained for the financial years 2023 and 2024. In such a situation, there is a buying opportunity in it. There is a target of Rs 265 with a 'Buy' rating on the stock.
Brokerage firm Nirmal Bang Securities has also given a target of Rs 284 with a piece of buy advice on the stock. The brokerage says that there is a V shape recovery in the hospitality sector. Strong demand is expected due to high vaccination, weddings, and festive season. Brokerage house Sharekhan has also given a 'Buy' rating on Indian Hotels and has set a target price of Rs 286. The share price of Indian Hotels stood at Rs 218 on February 2. In this way, investors can get a strong return of about 30 percent from the current price in the stock.
2. Titan: Expected up to 20% growth ahead
Brokerage firm Motilal Oswal has placed Titan Stocks in its top pick. The margin recovery in the jewelry business in the last quarter has been better than expected. The outlook for Titan's earnings growth going forward is also good. The brokerage has given a 'Buy' rating on Titan with a target of Rs 2,950. The current price of the share on February 2 has been Rs 2,464. In this way, investors can get returns of around 20 percent from the current price. The company's December quarter results are coming on Thursday.
Rakesh Jhunjhunwala has invested
The market's 'big bull' Rakesh Jhunjhunwala has also invested in Tata Group's Titan Company and Indian Hotels. Jhunjhunwala's current holding in Titan Company is 5.1 percent. At the same time, Jhunjhunwala has taken a 2.2 percent stake in Indian Hotels. According to Trendline, there are currently 37 stocks in Big Bull's portfolio, whose net worth as of 3 February is more than Rs 35,325.1 crore.
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