Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 64771.26 Crore) operating in FMCG sector.
ICICI Securities has buy call on Tata Consumer Products with a target price of Rs 800. The current market price of Tata Consumer Products Ltd. is Rs 702.05. Time period given by analyst is one year when Tata Consumer Products price can reach defined target.
Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 63587.07 Crore) operating in FMCG sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3080.18 Crore, down -.29 % from last quarter Total Income of Rs 3089.05 Crore and up 26.92 % from last year same quarter Total Income of Rs 2426.96 Crore. Company reported net profit after tax of Rs 133.34 Crore in latest quarter.
Shares of Tata Consumer Products hit a record high, up 4 per cent, of Rs 654 on the National Stock Exchange (NSE) in intra-day trade on Wednesday after the exchange said the Tata group company will be included in the Nifty50 index from March 31. The stock surpassed its previous high of Rs 646 touched on February 17. The Tata group company engaged in the tea & coffee business will replace state-owned Gail India. Shares of Gail India were trading 2 per cent lower at Rs 144, as compared to a 0.31 per cent rise in the Nifty50 index at 09:24 am. Tata Consumer, formerly known as Tata Global Beverages, will join FMCG peers such as Hindustan Unilever, Nestle India and Britannia in the widely-tracked Nifty 50 index. The move is expected to result in passive inflows of $89 million (Rs 650 crore) in Tata Consumer. Gail, on the other hand, could see outflows of $57 million (Rs 410 crore).