Tata Group Stock to Buy: Amidst the ongoing record-breaking rise in the stock market, brokerage house has made Tata Group’s consumption share Tata Consumer Products (NSE: TATACONSUM) a short-term technical pick.
It is suggested to buy the shares within a time frame of 2 to 3 days. This part from Tata Group has increased by around 7 percent in the last month.
Tata Consumer had a positive opening in the initial session and the stock made a new 52-week high.
Here, on the basis of strong foreign signals, the record-breaking rise in the domestic stock market continues on Thursday (7 March).
Major indexes reached new all-time highs. Sensex crossed 74240 and Nifty 22520 for the first time.
There is strong buying in metal and government banking shares. Earlier, on Wednesday, Sensex jumped 408% and closed at 74,085 for the first time.
Tata Consumer: Profit Will Be Made In 2-3 Days
The Brokerage has once again included Tata Consumer in its technical picks for 2-3 days. The target has been kept at Rs 1312.
On March 7, 2024, the share price closed at Rs 1265. In this way, 5-6 percent upside can be seen in the stock.
On Thursday, the shares of Tata Consumer made a new 52-week high (Rs 1,268). The 52-week low of the stock is 686.60.
Tata Consumer Share Price History
Its performance on Tata Consumer shares has been incredible in the last year. The stock has gained over 75 percent in the past year.
Whereas in the last 6 months, Tata Consumer has given tremendous returns of more than 45 percent to investors.
The stock has shown a rise of 30 percent in 3 months and 11 percent in 1 month. The market capitalization of the company at the time of its listing on BSE is 1,20,225 crore.
Tata Consumer Products is an integrated company in the field of food and beverages. They rank among the top 10 companies for food and beverage within India with a plan to be an all-category FMCG major.
Tata Consumer Products was formed after the consumer goods division of Tata Chemicals Ltd. merged with Tata Global Beverages Ltd. in February 2020.
Tata Consumer Products is engaged in the production, trade, and sale of a variety of items which comprise Tea Coffee, Coffee Salt Pulses, Spices Snacks, Food products that are ready to eat, etc.
All of them are known as branded businesses. The Group operates branded businesses mostly within India, Europe, the US, Canada, and Australia.
The plantation business with no branding is located in India as well as the coffee and tea extraction companies are concentrated in India, Vietnam, and the US.
Fundamental Analysis of Tata Consumer products
| Market Cap | ₹ 1,20,225 Cr. |
| Current Price | ₹ 1,265 |
| 52-wk High | ₹ 1,270 |
| 52-wk Low | ₹ 685 |
| Stock P/E | 93.9 |
| Book Value | ₹ 174 |
| Dividend | 0.67 % |
| ROCE | 9.32 % |
| ROE | 6.86 % |
| Face Value | ₹ 1.00 |
| P/B Value | 7.25 |
| OPM | 14.5 % |
| EPS | ₹ 12.9 |
| Debt | ₹ 1,511 Cr. |
| Debt to Equity | 0.09 |
Tata Consumer Products Ltd (TCPL) Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 1180 | ₹ 1680 |
| 2025 | ₹ 1700 | ₹ 1740 |
| 2026 | ₹ 1800 | ₹ 1910 |
| 2027 | ₹ 1950 | ₹ 2054 |
| 2028 | ₹ 2100 | ₹ 2300 |
| 2029 | ₹ 2350 | ₹ 2500 |
| 2030 | ₹ 2545 | ₹ 2690 |
Tata Consumer Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 34.44% |
| June 2023 | 34.45% |
| Sept 2023 | 34.42% |
| Dec 2023 | 34.42% |
| Jan 2024 | 33.56% |
| FII Holding | |
| Mar 2023 | 25.04% |
| June 2023 | 25.39% |
| Sept 2023 | 25.27% |
| Dec 2023 | 25.62% |
| Jan 2024 | 25.51% |
| DII Holding | |
| Mar 2023 | 15.85% |
| June 2023 | 16.33% |
| Sept 2023 | 16.87% |
| Dec 2023 | 17.06% |
| Jan 2024 | 16.89% |
| Govt. Holding | |
| Mar 2023 | 0.01% |
| June 2023 | 0.01% |
| Sept 2023 | 0.01% |
| Dec 2023 | 0.01% |
| Jan 2024 | 0.01% |
| Public Holding | |
| Mar 2023 | 24.65% |
| June 2023 | 23.82% |
| Sept 2023 | 23.43% |
| Dec 2023 | 22.90% |
| Jan 2024 | 24.02% |
Tata Consumer Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 7,252 Cr |
| 2020 | ₹ 9,637 Cr |
| 2021 | ₹ 11,602 Cr |
| 2022 | ₹ 12,425 Cr |
| 2023 | ₹ 14,898 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 457 Cr |
| 2020 | ₹ 460 Cr |
| 2021 | ₹ 930 Cr |
| 2022 | ₹ 1,015 Cr |
| 2023 | ₹ 1,293 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.15 |
| 2020 | 0.09 |
| 2021 | 0.05 |
| 2022 | 0.07 |
| 2023 | 0.07 |
Last 10 Years’ Profit Growth:
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 20% |
| Current Year: | 21% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 6% |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Current Year: | 7% |
Last 10 Years’ Sales Growth:
| 10 Years: | 6% |
| 5 Years: | 15% |
| 3 Years: | 13% |
| Current Year: | 12% |
Conclusion
This article is a complete guide about Tata Consumer Products Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
