Tata Consumer share price: At present, Tata Consumer, which owns UK tea company Tetley, has a partnership with Starbucks in India. On technical setup, the counter's 14-day relative strength index (RSI) came at 65.29. A level below 30 is defined as oversold while a value above 70 is considered overbought.
Tata Consumer To Create Power Brands In Core Categories Like Tea & Salt
Tea Prices To Normalise After Sharp Uptick In Prices In 2020: Sunil D Souza
The world’s most popular beverage, Tea prices witnessed a sharp uptick in India in 2020 as production declined due to lockdown and floods in Assam. Tata Consumer Products MD & CEO Sunil D’Souza remained optimistic of tea priced normalizing soon. Sunil D’Souza stressed that the tea prices have already moderated to 20-30% above pre-COVID levels from a peak of 70-80% during August and September 2020. Tea has been through once-in-a-lifetime sort of Yo-Yo on pricing, with the lockdown, shortage. About 15% gap between demand and supply triggered the price rise in September , said Sunil D’Souza to ET NOW.
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