Tata Group companies have remained in focus among investors, with several stocks receiving positive views from leading brokerages. Analysts see growth opportunities across sectors such as financial services, automobiles, technology and consumer businesses, supported by improving demand, strong market positions and ongoing business expansion.
In this article, we look at Tata Group stocks that have been recommended by brokers and have significant growth potential based on their target prices. The companies highlighted include businesses with different growth drivers, ranging from rising financial penetration and premiumisation to stronger operating performance and new growth opportunities. Here are two Tata Group stocks recommended by brokers with a high growth potential of up to 36 percent:
Tata Capital Limited
With a market capitalization of Rs. 1,46,872.47 crore, the shares of Tata Capital Limited were currently trading at Rs. 346 per equity share, rising nearly 1.47 percent from its previous day’s closing price of Rs. 341 per equity share.
Citi, a prominent brokerage firm, has recommended a “Buy” call on Tata Capital Limited with a target price of Rs. 450 per share, indicating an upside potential of 31.96 percent from its previous day’s closing price of Rs. 341 per equity share.
Citi has initiated coverage on Tata Capital with a “Buy” rating, highlighting its improving business profile driven by multiple growth engines. The brokerage expects the company to benefit from its scale, diversified lending franchise and faster growth across key segments, while maintaining the disciplined underwriting standards typically associated with private banks. This combination of scale and execution is expected to support sustained loan growth and earnings momentum.
Additionally, Citi sees scope for margin expansion and operating leverage to underpin earnings growth. As the company scales, improving cost efficiencies could further strengthen profitability and returns. Within the NBFC space, Citi prefers franchises that combine strong scale with earnings upside, placing Tata Capital alongside Bajaj Finance as a preferred name.
Tata Capital Limited is the finance arm of the Tata group that provides a wide variety of financing and investment products for individuals, organizations, and institutions. The company offers consumer financing, commercial financing, infrastructure financing, wealth management, and other financial products.
Looking at the company’s recent quarter highlights, Tata Capital Limited’s Net interest income has increased from Rs. 2,866 crore in Q1 FY26 to Rs. 3,571 crore in Q1 FY27, which has grown by 24.60 percent. The net profit has also grown by 56.39 percent from Rs. 1,041 crore in Q1 FY26 to Rs. 1,628 crore in Q1 FY27.
Voltas Limited
With a market capitalization of Rs. 36,579.31 crore, the shares of Voltas Limited were currently trading at Rs. 1,105.50 per equity share, rising nearly 0.32 percent from its previous day’s closing price of Rs. 1,102 per equity share.
BofA Securities, a prominent brokerage firm, has recommended a “Buy” call on Voltas Limited with a target price of Rs. 1,400 per share, indicating an upside potential of 27.04 percent from its previous day’s closing price of Rs. 1,102 per equity share.
BofA has maintained its “Buy” rating on Voltas, noting that its recent meeting reinforces the brokerage’s thesis around margin improvement. Encouraging Q2 revenue trends, aided by a favourable base, are expected to support growth momentum.
The brokerage highlights Voltas’ strategic focus on gaining market share, driving premiumisation and improving operational efficiency. With these initiatives providing scope for better profitability, BofA believes the risk-reward remains compelling, particularly given the company’s attractive valuations.
Additionally, HSBC Securities has also recommended a “Buy” call on Voltas Limited with a target price of Rs. 1,450 per share, indicating an upside potential of 31.58 percent from its previous day’s closing price of Rs. 1,102 per equity share.
HSBC has maintained its “Buy” rating on Voltas, highlighting an improvement in market share and a widening lead over the second-largest player. The brokerage also notes that channel inventory remains low, suggesting a healthy demand environment and limited inventory build-up.
Additionally, HSBC highlights Rs. 200 crore of data-centre orders, which could provide further visibility to the company’s growth prospects. The combination of stronger market positioning, healthy inventory levels and a growing data-centre opportunity supports the brokerage’s positive outlook on Voltas.
Further, Jefferies has also maintained a “Buy” call on Voltas Limited with a reduced target price to Rs. 1,495 per share from Rs. 1,580 per share, indicating an upside potential of 35.66 percent from its previous day’s closing price of Rs. 1,102 per equity share.
Jefferies has maintained its “Buy” rating on Voltas while cutting its target price, citing near-term pressure on margins. Despite a 12 percent price hike, the brokerage expects continued cost inflation to weigh on profitability, limiting the benefit from higher realisations.
Jefferies has factored in the margin pressure and lowered its EPS estimates accordingly. While the brokerage retains its positive stance on the stock, the revised earnings outlook reflects the impact of rising costs and the potential for weaker margins in the near term.
Voltas Limited is an Indian company that is one of the biggest air conditioning and cooling companies and manufacturers of consumer appliances in India. Voltas Limited operates in engineering projects and services, which include solutions in cooling, water management, and infrastructure. Among its various products are room air conditioners, air coolers, refrigerators, washing machines, and consumer appliances.
Looking at the company’s recent quarter highlights, Voltas Limited’s revenue has increased from Rs. 3,939 crore in Q1 FY26 to Rs. 4,674 crore in Q1 FY27, which has grown by 18.66 percent. The net profit has also grown by 51.06 percent from Rs. 141 crore in Q1 FY26 to Rs. 213 crore in Q1 FY27.