Tata Consumer Products reported a 22.53% fall in net profit for the quarter ended March 2024. Net profit slipped to Rs 267.71 crore in the last quarter against Rs 345.58 crore in the March 2023 quarter. The Board of the Company recommended a final dividend of Rs 7.75 per equity share of Rs. 1/-each fully paid up for the financial year ended March 31, 2024.
Tata Consumer Products’ daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 1100 and 1200. Let’s plan a trade around this.
Open interest indicates that bulls are likely to dominate the following counters. In Thursdays trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup.
G20 Summit 2023: Leaders from the most powerful nations in the world will flock to New Delhi for the G20 Leaders Summit to be held on September 9-10. Watch this Visual Story to see the likely impact on Indian stock market, and stock to watch after the Summit, and more.