This Tata Group stock falls 13% in 3 months, but Motilal Oswal sees 21% upside on 'resilient growth' - Do you own?

Motilal Oswal reported movement of 13%, 21% and 13.88%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is +1.1% on the day at ₹1,026.00, and has returned +11.5% over three months. It sits 6% below its 52-week high. The capital markets sector has moved -4.9% over the same period, so Motilal Oswal is running 16.4 points ahead of its peers.

For Motilal Oswal, the question is how much of this is already reflected in the price and how much re-rates the capital markets peer set alongside it.