Tata Consumer Products Ltd. shares down 0.37% as Nifty gains

NEW DELHI: Shares of Tata Consumer Products Ltd. traded 0.37 per cent down in Tuesday's trade at 11:32AM (IST). Around 122,821 shares changed hands on the counter.

The stock opened at Rs 523.1 and touched an intraday high and low of Rs 527.55 and Rs 514.25, respectively, in the session so far. Shares of the company of Tata Consumer Products Ltd. quoted a 52-week high of Rs 530.1 and a 52-week low of Rs 214.0.

Total market cap of the Tata Consumer Products Ltd. stood at Rs 47621.18 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 2713.91 crore for the quarter ended 30-Jun-2020, up 12.84 per cent from previous quarter's Rs 2405.03 crore and up 43.05 per cent from the year-ago quarter's Rs 1897.13 crore.

The net profit for latest quarter stood at Rs 327.56 crore, up 161.36 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2020, DIIs held 13.42 per cent stake in the firm, while foreign institutional investors held 19.48 per cent and the promoters 34.68 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 85.32 and a price-to-book ratio of 3.19. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Tata Consumer Products Ltd. belongs to the FMCG Food & Beverages industry.