Buy Tata Consumer Products, target price Rs 794: Motilal Oswal

Motilal Oswal has buy call on Tata Consumer Products with a target price of Rs 794. The current market price of Tata Consumer Products is Rs 767.5. Time period given by analyst is one year when Tata Consumer Products Ltd. price can reach defined target.

Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 70314.40 Crore) operating in FMCG sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3080.18 Crore, down -.29 % from last quarter Total Income of Rs 3089.05 Crore and up 26.92 % from last year same quarter Total Income of Rs 2426.96 Crore. Company reported net profit after tax of Rs 133.34 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 34.7 per cent stake in the company as of March 31, 2021, while FIIs held 25.8 per cent, DIIs 12 per cent and public and others 27.5 per cent.