Tata Consumer shares dropped 5% to Rs 1,112 on BSE as its Q4 net profit fell 19% YoY to Rs 217 crore. Goldman Sachs maintains a neutral rating, citing slowed India beverage growth and margin reliance on international and unbranded segments.
Tata Motors has been trending to new highs almost each month last year, but now it seems that technical parameters are stretched. Today, we have got a spinning candle and the price is showing a negative divergence with RSI.
TCPL Q3 results: Kotak sees profit at Rs 343.10 crore, up 25.6 per cent. It sees sales at Rs 3,731.50 crore, up 7.4 per cent. Ebitda margin is seen at 14.7 per cent, up 160 basis points.
Revenue from operations may rise 9% to Rs 3,779 crore and operating profit is likely to grow by a sharp 59.3% to Rs 723.20 crore. Sequentially, the net profit is seen declining 2.6% and revenue rising 1.2%, while operating profit may surge 35%.
A week after annoucing the acquisition deals of Capital Foods and Organic India, Tata Consumer board approved Rs 6,500-crore fundraising plan through commercial papers and rights issue to pay for the deals.