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.
Top brokerage firms have initiated buy ratings for Tata Consumer, maintained buy ratings for Eicher Motors and Asian Paints, while maintaining a reduce rating for Dr Reddy s Laboratories. Citigroup initiated a buy rating for Tata Consumer with a target of Rs 1,020. CLSA maintained a buy rating for Eicher Motors with a target of Rs 4,266 while, Macquarie maintained an outperform rating for Asian Paints with a target of Rs 3,800. Meanwhile, Kotak Institutional Equities maintained a reduce rating for Dr Reddy s Laboratories with a target of Rs 4,800.
Titan Company shares have been continuously making higher high-low formations post the breakout from previous swing high of Rs 2,791 on the daily chart.
Stocks to buy today: Stock brokerages recently came out with research reports on select stocks namely Prestige Estate Projects, Tata Motors, Tata Consumer Products, and Cyient. All these stocks have received Buy ratings from individual broking firms. Watch this Business Today Visual story to know what brokerages said about these counters.