Buy Tata Consumer Products, target price Rs 840: Kotak Securities

Kotak Securities Limited has buy call on Tata Consumer Products Ltd. with a target price of Rs 840. The current market price of Tata Consumer Products is Rs 811.55 Time period given by analyst is Intra Day 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 74797.74 Crore) operating in FMCG sector.


Tata Consumer Products Ltd. key Products/Revenue Segments include Tea, Other Operating Revenue, Royalty Income, Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 3233.42 Crore, up 5.23 % from last quarter Total Income of Rs 3072.74 Crore and up 4.67 % from last year same quarter Total Income of Rs 3089.05 Crore. Company reported net profit after tax of Rs 287.68 Crore in latest quarter.

Investment Rationale
Triangle formation near short-term moving averages. Breakout is possible in the coming horizon

Promoter/FII Holdings
Promoters held 34.72 per cent stake in the company as of 31-Mar-2022, while FIIs owned 25.36 per cent, DIIs 13.7 per cent.