Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-
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.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

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:

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

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Jul 2, 2020 04:46 pm