Brokerage Firm Jefferies Raises Target Price for Tata Group Stock Post Q1 Results
Monday, 22 July 2024, 11:25
Brokerage Recommendation
Brokerage firm Jefferies has recommended a Buy rating on Indian Hotels following its recent Q1 earnings report.
Target Price Adjustment
- The target price for the stock has been raised from Rs 680 to Rs 690.
- This change indicates the firm's positive outlook on the company's growth trajectory.
Market Impact
This adjustment underscores the overall strength of the Tata Group in the hospitality sector and its performance in the stock market. Investors may find this an appealing opportunity for investment in India.
Conclusion
Jefferies' upgraded rating reflects confidence in the stock's potential as part of the broader market trends.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.