Buy Tata Consumer Products, target price Rs 892.5: ICICI Direct

ICICI Direct has buy call on Tata Consumer Products Ltd. with a target price of Rs 892.5. The current market price of Tata Consumer Products Ltd. is Rs 876.9.

Time period given by analyst is intraday 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 81299.29 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 30-06-2021, the company reported a Consolidated Total Income of Rs 3036.47 Crore, down -1.42 % from last quarter Total Income of Rs 3080.18 Crore and up 10.55 % from last year same quarter Total Income of Rs 2746.62 Crore. Company reported net profit after tax of Rs 240.65 Crore in latest quarter.

Investment Rationale
Price remains in uptrend sustaining above 13 day EMA &RSI in buy

Promoter/FII Holdings
Promoters held 34.7 per cent stake in the company as of June 30, 2021, while FIIs held 25.6 per cent, DIIs 13.4 per cent and public and others 26.3 per cent.