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Tata Consumer Products Ltd Slips for Fifth Straight Session

Picture Source: Internet

On the National Stock Exchange (NSE), Tata Consumer Products Ltd was quoted at Rs 775.25, down 0.48%. The stock gained 7.9% in 2021, compared with a 5.27% rise in the Nifty and a 21.34% gain in the Nifty Financial Services Index.

On December 26, Tata Consumer Products Ltd was down for a fifth straight session. The stock is quoted at Rs 775.25, down 0.48%. The benchmark Nifty was up around 1.01% on the day, quoting 17,986.8. The Sensex is at 60,478.54, up 1.06%. Tata Consumer Products Ltd lost about 3.61% on November 2022. Meanwhile, the Nifty Financial Services index of which Tata Consumer Products Ltd has increased around 1.14% in the previous month and is currently quoting at 44,314.9. The volume in the stock stood at 6.17 lakh shares on December 26 compared to the daily average of 13.23 lakh shares in the previous month.

The stock’s benchmark in the December futures contract is at Rs 776.3, down 0.47% on the day. Tata Consumer Products Ltd rose 7.9% in 2021 compared to a 5.27% rally in Nifty and a 21.34% spurt in the Nifty Financial Services index.

At the end of September, the PE of the stock was 81.8 based on TTM earnings.

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