Nomura Upgrades Target Price Of Tata Stock To Rs 1075, Recommends Buy Call

Leading brokerage firm Nomura has assigned buy call to large cap Tata Group's FMCG stock Tata Consumer Products Ltd (TCPL). The analyst has upgraded the target price for Tata Consumer Products Ltd shares to Rs 1075 per share from Rs 875. Current market price of Tata Consumer Products share is Rs 907.65 per share with intraday gain of 0.78%.

Tata Consumer Products Stock Performance & Return: The large cap stock's 52-week high price is Rs 928.00 per share and 52-week low price is Rs 685.00 per share, respectively. It has a market capitalisation 84,321.74 crore. Tata Consumer Products shares gained 19.44% YTD, soared 17.53% in last 1-year, offered return of 85% in last 3-years, and surged 318% in last 5-years.

Tata Consumer Products Quarterly Results: The company on October 31, 2023 declared a dip of 6.55% in its consolidated net profit to Rs 363.92 crore for the quarter ended September 30, 2023 amid robust growth in its domestic business. It has announced a net profit of Rs 389.43 crore in the corresponding quarter of last year, as per its exchange filing. The company announced its revenue from operations surged 11.02% to Rs 3,733.78 crore for period under consideration as compared to Rs 3363.05 crore in the year ago period. It stated that the company's expenses stood at Rs 3318.18 crore, up 9.8% for the September quarter. The company's total income for the September quarter surged to Rs 3,823.61 crore.

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.

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The stock has been picked from the brokerage report of Nomura. 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.