Multibagger Tata Group Stock To Potentially Rise To Rs 925 In 12 Months: ICICI Securities

ICICI Securities has given buy rating to the Tata Group stock, Tata Consumer Products Ltd for a target price of Rs 925 with a potential upside of 17% in a target period of 1 year.

Tata Consumer Products Ltd is a focused consumer products company uniting the food and beverage interests of the Tata group under one umbrella. It is home to key brands such as Tata Tea, Tetley, Tata Salt and Tata Sampann, according to its official website.

Tata Consumer Products Stock Outlook

The current market price of the stock is Rs 794 apiece with an intraday decline of 0.41%.

Tata Consumer Products Ltd 52-Week High/Low And Market Capitalization

The 52-week high of the stock is Rs 880 apiece and 52-week low is Rs 650 apiece, according to bseindia.com. The company has a market capitalization of Rs 73,000.72 crore.

Tata Consumer Products Ltd 5 Years Return

The stock has given multibagger returns to investors with 5 years return at 267%, 3 years return at 212%, and fallen 9% in 1 year.

Tata Consumer Products Made Foray In Health Supplement Segment

Earlier this month on September 12, 2022 Tata Consumer Products Ltd (TCPL) has declared its entry into the health supplements segment with the introduction of Tata GoFit thus offering several health supplements for women. Tata GoFit is a plant-based protein powder.

According to Deepika Bhan, President, Packaged Foods (India), Tata Consumer Products, "There has been a growing trend of consumers becoming more fitness conscious in their choices with a heightened focus on their nutrition intake."

"Tata GoFit has been specially developed for women and has an innovative and differentiated formulation with digestion-friendly enzymes and gut-friendly probiotics. We believe Tata Consumer Products is well positioned to unlock the market potential of the plant protein powder segment and to lead the charge in addressing evolving consumer needs," Deepika Bhan said.

Tata Consumer Products Quarterly Results

The large-cap company has for the quarter ended June 30, 2022 announced a consolidated total income of Rs 3,362.17 Crore, up 4.32% from last quarter total income of rs 3,222.80 crore. The company has announced a net profit after tax at Rs 276.51 crore in latest quarter.

About Tata Consumer Products Ltd

In the beverages business, Tata Consumer Products is the second largest player in branded tea in the world. Its brands include Tata Tea, Tetley, Vitax, Eight O' Clock Coffee, Himalayan Natural Mineral Water, Tata Coffee Grand and Vitax.

Beginning with the iconic Tata Salt, its food business is one of the most trusted food brands in India and it has extended its portfolio to include salt variants for different markets and nourishing food products, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.