Buy Large Cap Tata Group Stock For TP Of Rs 1330, Reiterates Motilal Oswal

Motilal Oswal has recommended investors to buy large cap Tata Group stock, Tata Consumer Products Ltd with target price of Rs 1330 apiece. Current market price of Tata Consumer Products share on BSE is Rs 1157.00 apiece with intraday gain of 0.53%. If you buy Tata Consumer Products shares now at current market price of Rs 1157 apiece, you can fetch potential gain of 14.95%.

Tata Consumer Products stock offered shareholders return of 21% in last 1-month and rallied 28% in last 3-months. Check details below:

Merger Of TSR Consultants: As per the BSE Filing, "We hereby notify you that TSR Darashaw Consultants Private Limited, the Registrar and Share Transfer Agent ("RTA") of the Company, has communicated us the merger of TSR Consultants Private Limited with Link Intime India Private Limited. This merger became effective on December 22, 2023, in accordance with the Order dated December 18, 2023, issued by the Mumbai Bench of the National Company Law Tribunal (NCLT)."
Previously, Tata Coffee merged with Tata Consumer Products on January 1, 2024. Tata Coffee informed the exchange that the demerger of Tata Coffee's plantation unit will be integrated into TCPL Beverages & Foods.

Tata Consumer Products Ltd Stock Performance & Return: The 52-week high price of Tata Consumer Products share on BSE is Rs 1216.30 per share and 52-week low price is Rs 685.00 per share, respectively. The company has a market capitalisation of Rs 1,07,486.65 crore. Tata Consumer Products stock offered return of 55% in last 1-year, soared 52% in last 2-years, and gave return of 92% in last 3-years. In last 5-years, Tata Consumer Products shares offered shareholders gain of 435% and 676% return in last 10-years.

Tata Consumer Products Financials: Its consolidated net profit was declared at Rs 389.43 crore for the second quarter ended September 30, 2022. Previously, TCPL declared a net profit of Rs 285.80 crore for the July-September quarter an year ago, as per the regulatory filing.

Revenue from operations soared 10.87% to Rs 3,363.05 crore during the quarter under consideration as compared to Rs 3,033.12 crore in the corresponding period of last year. TCPL Managing Director and CEO Sunil D'Souza said in the regulatory filing, "We delivered another quarter of double-digit revenue growth while balancing margins despite inflationary pressures, weakness of currency and some lag in pricing in International Markets."

Its revenue from the Indian market for July-September quarter rose 9.19% to Rs 2,159.95 crore, as against Rs 1,978.08 crore in the corresponding quarter of last year.

Tata Consumer Products About: Tata Consumer Products is a focused consumer products company uniting the food and beverage interests of the Tata group under one umbrella. It is home to key brands such as Tata Tea, Tetley, Tata Salt and Tata Sampann. With a combined reach of over 201 million households in India, it has an unparalleled ability to leverage the Tata brand in consumer products.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.