Prabhudas Lilladher Sees Strong Potential Of Upside In This Multibagger Tata Group Stock, Target Price Rs 880

Leading brokerage house Prabhudas Lilladher has assigned buy rating to the stock of Tata Group, Tata Consumer Products Ltd for a target price of Rs 880 with a potential gain of 10%. It has High Piotroski Score that implies it figures in the list of companies with strong financials. Check key takeaways below:

Tata Consumer Products Ltd Stock Outlook

The current market price of the stock is Rs 800 apiece with a decline of 0.28% in trading today till 10:11 am. According to Prabhudas Lilladher, if you invest in the stock at its current market price, it is showing a potential of upside with a target price of Rs 880 and a potential gain of 10%.

Tata Consumer Products Ltd 52-Week High/Low

The stock's 52-week high is Rs 864 apiece and 52-week low is Rs 650 apiece, respectively.

Tata Consumer Products Ltd Market Capitalisation

It has a market capitalisation of Rs 73,862.37 crore at the time of writing the report.

Tata Consumer Products Ltd 5-Years Return

The stock has given multibagger returns to investors with 276% return in last 5 years, 199% in last 3 years, and fallen 7% in last 1 year.

Tata Consumer Products Ltd Quarterly Results

The company for the quarter ended June 30, 2022 declared a consolidated total income of Rs 3,362.17 crore, up 4.32 % from last quarter total income of Rs 3,222.80 crore. It has declared a net profit after tax of Rs 276.51 crore in latest quarter.

Tata Consumer Products Ltd Strengths/Weakness

It is a company with strong financials. Tata Consumer Products has achieved high TTM EPS growth. It is also efficiently using its capital to generate profit with RoCE improving in the last 2 years. When it comes to weaknesses, MFs have brought down their shareholding last quarter. It is also falling in the list of companies with growing costs YoY for long term projects.

 

Tata Consumer Products Ltd About

Tata Consumer Products 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. With a combined reach of over 201 million households in India, it has an unparalleled ability to leverage the Tata brand in consumer products.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. 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.