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Buy Tata Consumer Products; target of Rs 558: Motilal Oswal

Motilal Oswal is bullish on Tata Consumer Products recommended buy rating on the stock with a target price of Rs 558 in its research report dated October 13, 2020.

October 14, 2020 / 11:24 IST
     
     
    26 Aug, 2025 12:21
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    Motilal Oswal 's research report on Tata Consumer Products

    Tea prices in North India have increased to INR261/kg (weighted average) over Apr-Sep’20 (v/s INR162/kg during the same period last year). Note that all India weighted average tea prices have increased to INR224/kg (v/s INR149/kg last year). In this note, we have analyzed the impact of the increase in tea prices on Tata Consumer Products (TCP) in the near term as well as over the long term.


    Outlook

    We value TCP on an SOTP basis to arrive at target price of INR558. Maintain Buy.

    For all recommendations report, click here

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    Broker Research
    first published: Oct 14, 2020 11:24 am

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