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.
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.
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. advises users to consult with certified experts before making any investment decision.
By Aditi Murkute Goodreturns source: Dailyhunt