Buy Tata Consumer Products, target price Rs 880: Prabhudas Lilladher

Synopsis

Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 74111.19 Crore) operating in FMCG sector.

Promoters held 34.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.33 per cent, DIIs 13.99 per cent.

Prabhudas Lilladher has buy call on

Ltd. with a target price of Rs 880. The current market price of Tata Consumer Products is Rs 803.1.

Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 74111.19 Crore) operating in FMCG sector.

Tata Consumer Products Ltd. key Products/Revenue Segments include Tea, Other Operating Revenue, Royalty Income, Export Incentives for the year ending 31-Mar-2022.

Financials


For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3362.17 Crore, up 4.32 % from last quarter Total Income of Rs 3222.80 Crore and up 10.73 % from last year same quarter Total Income of Rs 3036.47 Crore. Company reported net profit after tax of Rs 276.51 Crore in latest quarter.

Investment Rationale

The stock has been in a trending mode and now has made a higher bottom formation pattern in the daily chart and is poised to rise further upward . The indicators have been favorable and looks attractive for an up move in the coming days. With also good volume participation supporting positive bias, the broekrage recommends a buy in this stock for an upside target 880 of keeping a stop loss of 770.

Promoter/FII Holdings

Promoters held 34.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.33 per cent, DIIs 13.99 per cent.

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