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    TATACONSUM   INE192A01025

TATA CONSUMER PRODUCTS LIMITED

(TATACONSUM)
  Report
End-of-day quote NSE India Stock Exchange  -  2022-09-25
780.85 INR   -0.09%
06:45aIndian Indices Close in Red for Fifth Straight Day; Hero MotoCorp Falls 3%
MT
06:36aINDIA STOCKS-Indian shares end flat as auto, metals offset IT gains
RE
09/16Indian Benchmarks End in Red for Third Straight Day on Friday; UPL Slides 5%
MT
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Indian shares hit 7-week high on Russia-Ukraine talks optimism

03/30/2022 | 07:06am EDT
FILE PHOTO: A man walks out of the Bombay Stock Exchange building in Mumbai, India,

BENGALURU (Reuters) - Indian shares scaled a near seven-week high on Wednesday, boosted by automakers and heavyweight financials, with appetite for riskier assets rebounding globally on signs of progress in Ukraine-Russia peace talks.

The NSE Nifty 50 index climbed 1% to 17,498.25, while the S&P BSE Sensex rose 1.3% to 58,683.99, extending a rally to a third straight session.

Global equity markets largely reacted positively to Russia's promises on Tuesday to scale down its military operations near Kyiv and surrounding cities. [MKTS/GLOB]

"Some recovery is visible in the market from the oversold zone, led by key drivers like peace talks between Russia-Ukraine," said Neeraj Chadawar, head - quantitative equity research, Axis Securities.

India's main indexes have more than recovered their losses triggered by a spike in oil prices following Russia's invasion of Ukraine. In contrast, MSCI's broadest index of Asia-Pacific shares outside Japan is still nearly 4% below levels seen before the invasion.

"In the near term, market performance is likely to be range-bound as the clear trend is likely to emerge only after the volatility sustains at current levels for a longer time," Chadawar said.

In Mumbai, the Nifty Auto index gained 1.2%, while the Nifty bank index rose 1.4% and Nifty finance index advanced 2%.

Tata Consumer Products rose 3.1% after saying it would merge Tata Coffee with itself. Tata Coffee shares surged 9.3% to a two-month high.

Oil and Natural Gas Corp slid 5.3% to a two-week low after the oil producer said India would sell a stake of up to 1.5% in the company.

Citigroup Inc said, after Indian markets closed, that it would sell its Indian consumer banking businesses to private lender Axis Bank for $1.6 billion.

(Reporting by Chris Thomas and Nallur Sethuraman, additional reporting by Gaurav Dogra in Bengaluru; Editing by Sriraj Kalluvila)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
HERO MOTOCORP LIMITED -1.56% 2719.85 End-of-day quote.10.50%
LONDON BRENT OIL 2.79% 86.73 Delayed Quote.11.58%
NIFTY 50 -0.05% 17007.4 Delayed Quote.-1.95%
NIFTY 500 0.01% 14727.3 Delayed Quote.-1.80%
S&P GSCI NATURAL GAS INDEX -1.94% 322.8767 Real-time Quote.87.45%
S&P GSCI PETROLEUM INDEX 2.52% 306.915 Real-time Quote.11.83%
SENSEX BSE30 -0.07% 57107.52 Real-time Quote.-1.90%
TATA COFFEE LIMITED -0.79% 219.25 End-of-day quote.2.84%
TATA CONSUMER PRODUCTS LIMITED -0.09% 780.85 End-of-day quote.5.03%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.61% 58.739 Delayed Quote.-24.61%
WTI 1.80% 79.127 Delayed Quote.1.76%
All news about TATA CONSUMER PRODUCTS LIMITED
06:45aIndian Indices Close in Red for Fifth Straight Day; Hero MotoCorp Falls 3%
MT
06:36aINDIA STOCKS-Indian shares end flat as auto, metals offset IT gains
RE
09/16Indian Benchmarks End in Red for Third Straight Day on Friday; UPL Slides 5%
MT
09/15Tata Consumer Appoints New Head for UK, Ireland Business
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09/15Tata Consumer Products : appoints David Atkinson as Senior Vice President and Country Head..
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09/13Tata Consumer Products : enters the health supplements segment, launches plant protein pow..
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09/13Indian Indices Extend Gains on Tuesday; Bajaj Finserv Jumps 5%
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09/13Tata Consumer Products Forays into Health Supplements Business
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09/06Indian Indices Settle in the Red; Apollo Hospitals Climbs 3%
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09/06Indian shares end choppy session lower as financials slip
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Analyst Recommendations on TATA CONSUMER PRODUCTS LIMITED
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Financials
Sales 2023 139 B 1 699 M 1 699 M
Net income 2023 12 565 M 154 M 154 M
Net cash 2023 23 052 M 283 M 283 M
P/E ratio 2023 57,4x
Yield 2023 0,85%
Capitalization 735 B 9 009 M 9 009 M
EV / Sales 2023 5,14x
EV / Sales 2024 4,59x
Nbr of Employees 2 932
Free-Float 64,9%
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Technical analysis trends TATA CONSUMER PRODUCTS LIMITED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 780,85 INR
Average target price 873,25 INR
Spread / Average Target 11,8%
EPS Revisions
Managers and Directors
Sunil A. D'Souza Chief Executive Officer, Executive Director & MD
Krishna Kumar Lakshmanan Group Chief Financial Officer & Executive Director
Sivakumar Sivasankaran Chief Financial Officer
Natarajan Chandrasekaran Chairman
Vikas Gupta Global Head-Research & Development
Sector and Competitors