Buy This Tata Group Stock for 24% Gains, Says Motilal Oswal

Buy This Tata Group Stock for 24 % Gains, Says Motilal Oswal

Tata Consumer stock will surge to Rs 900 per share from Rs 726 per share, will potentially grow by 24%.

A part of conglomerate, Tata ( as- Cillion). Group, this FMCG company, Tata Consumer's standalone business scaled up

Despite the growth in earnings before interest and taxes ( EBIT) grew by 14%, the quarter performance was dragged down by international business. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

The quarter performance was mainly dragged down by a 39% YoY decline in EBIT of the international branded business due to inflationary pressures, currency weakness and a lag in pricing.

The company posted revenue of Rs 34.7 billion ( estimated. Rs 34.3 billion), up 8 % YoY.

Growth forecast of Tata Consumer Products: Buy stock, with a price target of Rs 900 per share.

Tata Consumer is a in last six months, its 52- week high is at Rs 861.35 per share and 52- week low is at Rs 650.75. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

The stock has been picked from the brokerage report of Motilal Oswal, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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By Aditi Murkute Goodreturns source: goodreturns.in Dailyhunt View more