Shares of FMCG major Tata Consumer fell up to 5% to day’s low to Rs 1,112 on BSE in Wednesday’s trade after its March quarter consolidated net profit fell 19% year-on-year (YoY) to Rs 217 crore. Goldman Sachs has maintained a neutral rating on the stock with a target price of Rs 1,030. Goldman noted … Read more
Equity indices Sensex and Nifty closed higher for the third session in a row on Tuesday, following gains in telecom, tech and consumer durable shares amid a firm trend in the global markets. Stocks that were in focus included names like ABFRL, which rose 9.24%, Tata Consumer, which was flat, and HUL, whose shares increased … Read more
Benchmark indices surged to their fresh all-time highs on Friday, driven by a sharp rally in IT stocks. The 30-share Sensex jumped 999 points to reach a new record of 72,721 and the Nifty climbed 281 points to reach its fresh record peak of 21,928. Stocks that were in focus included names like Tata Consumer, … Read more
Tata Consumer shares on Friday rallied up to 4% to a fresh 52-week high of Rs 1,161 on BSE after ET reported that the FMCG firm is all set to acquire Ching’s Secret-maker Capital Foods and Organic India. Last month, Tata Consumer became the sixth Tata Group stock to cross the Rs 1 lakh crore … Read more
Equity indices declined on the last trading day of 2023 as investors preferred profit-taking after the recent sharp rally. The 30-share Sensex fell 170 points to settle at 72,240 and the wider Nifty declined 47 points to settle at 21,731. The blue-chip NSE Nifty 50 fell 0.21% to 21,733.25 points, while the S&P BSE Sensex … Read more
Tata Consumer Ltd, part of the FMCG sector, hit a fresh record high in December and chart patterns suggest that the rally may not be over yet. Those who missed the rally can still look to buy the stock for a possible break above 1000 levels in the next 3-4 weeks, suggest experts. The FMCG … Read more
The Indian market is expected to consolidate on Thursday tracking muted global cues. The Nifty future closed negative with losses of 1.66% at 21169 levels on Wednesday. India VIX was up by 3.91% from 13.87 to 14.41 levels. Volatility spiked and woke up the bears and resulted in profit booking decline at record high zones. … Read more
