INSUBCONTINENT EXCLUSIVE:
index and appointment of a new chief executive officer have revived interest in the stock
The stock hit a record high of Rs 392 on Tuesday.
The chances of Tata Global, which will be renamed as Tata Consumer Products, getting into
the MSCI India index have gone up following the group restructuring that involves the shift of consumer products business from Tata
analyst, Edelweiss Financial Services
The shift of the consumer business to Tata Global will improve its product profile, said analysts
revenue and cost synergies from the merger with the consumer business of TCL and favourable macro traits, we believe the company is well
During H1of FY20, revenues of the company grew 5 per cent YoY to Rs 3,731 crore.
The stock has jumped 54 per cent in the last six months
against the 8 per cent advance in FMCG index
Stock is trading at 35 times its FY21 estimated earnings compared to FY19 PE of 61x
Investors are betting on Sunil D'Souza, who has been appointed as MD and CEO of the company effective from April 4, to drive
