In the past one month, the stocks of Tata Consumer and Gail have outperformed the market by gaining 11 per cent, against a 2.3 per cent rise in the Nifty50
Brokerage Motilal Oswal Financial Services has a ‘buy’ rating on Tata Consumer (TCP) with a target price of Rs 661 per share. TCP has two strong legs in the India business – Tata Tea and Tata Salt – by which it is targeting lower double-digit growth, driven by cross-selling between Tata Chemicals and TCP’s distribution channels and expansion into new geographies.
Commenting on Gail, MOSL said that with ever-increasing gas demand in the country, transmission pipelines would play a critical role in connecting consumers with both imported and domestically produced gas. "With the stock trading at discount to long-term 1-year forward P/E of 13x, Gail offers an excellent investment opportunity," the brokerage firm said. It has a ‘buy’ rating on the stock with a target price of Rs 165 per share.
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