Tata Group stocks soared on Friday as the equity benchmark indices edged higher in early trade on Trump pausing reciprocal tariffs.

Shares of Tata Steel and Tata Motors gained 5-6 per cent in early trade on Friday, leading the Nifty 50 components. TCS stock rose 1 per cent in early trade, before ending in red following Q4FY25 results.

Other Tata Group stocks including Trent, Voltas, Tata Power, Tata Consumer Products, Tata Chemicals, Nelco, Tata Elxsi and Tata Technologies traded in positive territory.  

Tata Steel, Tata Motors gain momentum

Tata Steel closed 5 per cent higher on Friday following the investor’s call focusing on Netherland reorganisation to trim down costs and downsizing workforce by 1,600. It has attracted mixed reactions from brokerages.  

Global brokerage JP Morgan maintained overweight call at target price of ₹180, while Macquarie maintained outperform rating at ₹156 target price. Citi has assigned sell call at ₹115.  

Domestic brokerage Motilal has reiterated neutral call at ₹140 target price, emphasising that escalating trade tensions are likely to pose near-term challenges for commodities like ferrous. 

ICICI Securities analysts have maintained a positive stance on a multi-pronged approach to maximise production efficiencies, lower fixed costs, optimise product mix and margins. Reasoning the restructuring due to recent inflationary pressures pursuant to the Russia-Ukraine war, and unsustainably low spreads in Europe, analysts have their retained buy call at a target price of ₹180 per share. 

Shares of Tata Motors gained 2 per cent as its UK subsidiary reported 40 per cent growth in retail sales. The stock surged 5 per cent to hit a high of ₹612.80 on the NSE. Its subsidiary Jaguar Land Rover sold 6,183 units of its vehicles to customers in India in FY25.

TCS trades firm

Shares of Tata Consultancy Services slipped to close in red onreporting a 1.68 per cent dip in its consolidated net profit to ₹1212,224 crore for the March 2025 quarter. 

Global uncertainty, project ramp downs and slight miss of street estimates in FY24-25 have pushed brokerages to slash target prices on the stock.  

Nuvama Institutional Equities, cheered that deal wins were strong for the second consecutive quarter. The brokerage remains positive in the medium-to-long term outlook, as technology debt continues to be very high for enterprise, which will warrant a revival in spending as macro improves. However, Nuvama has lowered its target price from ₹4,200 earlier to ₹4,050, maintaining buy call. 

HDFC Securities said that increase in AI for business engagements and continued fresher addition provide growth outlook. BSNL deal tapering off in FY26E will impact growth but will improve margins, it added. 

Meanwhile, Citi has maintained sell call at ₹3,000 from ₹3,210 earlier. 

The IT major, in addition, has deferred salary hikes in April. It announced that the business uncertainties have led it to delay the annual wage hikes, which generally set in from April. 

Published on April 11, 2025