Tata Consumer Products is a focused consumer products company uniting the food and beverage interests of the Tata Group under one umbrella. It is home to key brands such as Tata Tea, Tetley, Tata Salt and Tata Sampann. The Company has a joint venture with Starbucks called Tata Starbucks Limited, to own and operate Starbucks cafés in India. The Company also has a JV with PepsiCo in India, called NourishCo, which produces non-carbonated ready-to-drink beverages that focus on health and enhanced wellness.
|Company||Tata Consumer Products Ltd.|
|Stop Loss (SL)||Rs.445|
|Time Horizon||2-4 Weeks|
Intermediate trend is up in this stock. The stock has been in an uptrend and after a moil correction the prices taken a support from its 100 day EMA and started moving up. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 465-470) With a stop loss of Rs. 445 on closing basis and respected target seems Rs 520- 550. Time frame should be 2-4 weeks.
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