The stock of fast-moving consumer goods major Tata Consumer Products has been reaching new all-time highs on better-than-expected results for the July-September quarter (second quarter, or Q2), strong growth in the food business, and margin gains in the beverage/international business.
Most brokerages are positive on the stock, given growth prospects, and believe that rich valuations are justified.
The near-term trigger has been the robust operational performance in Q2.
Dairy stocks are rallying in India as the world s largest milk-producing nation suffers a rare shortage that has driven prices higher ahead of peak summer demand.
Dairy stocks are rallying in India as the world’s largest milk-producing nation suffers a rare shortage that has driven prices higher ahead of peak summer demand.
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