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Last Updated : Jul 02, 2020 04:46 PM IST | Source: Moneycontrol.com

Buy Tata Consumer Products; target of Rs 450: Motilal Oswal

Motilal Oswal is bullish on Tata Consumer Products recommended buy rating on the stock with a target price of Rs 450 in its research report dated June 30, 2020.

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Motilal Oswal 's research report on Tata Consumer Products


Tata Consumer Products’ (TCPL) FY20 annual report highlights the company’s efforts to leverage the ‘Tata’ brand, create a single FMCG-focused company and participate in India’s INR30t consumption story. FY20 was a milestone year as TCPL completed merger with Consumer Products business of Tata Chemicals (now India Food business), resulting in 33%/64% increase in revenue/EBITDA to INR96.3b/~INR13b. Key highlights below:
Outlook


We value the stock on SOTP basis to arrive at a target price of INR450. Maintain Buy.



For all recommendations report, click here

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First Published on Jul 2, 2020 04:46 pm
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