Tata Stock Favored by Investors, Brokerage Recommends 'BUY' with ₹1360 Target

The Tata Group company released its January-March quarter results after market closed on Wednesday. The company's profit jumped 52% year-on-year to Rs 407 crore in the March quarter.

Tata group Stock: Shares of Tata Consumer Products fell 4.5 per cent to Rs 1,098.6 on the BSE in early trade on Thursday (April 24). The company's shares saw selling pressure after the release of January-March quarter results. At 10:40 am, Tata Consumer shares were down Rs 23.85 or 2.07% at Rs 1127.05.

The Tata Group company released its January-March quarter results after market closed on Wednesday. Tata Consumer's March quarter profit jumped 52% year-on-year to Rs 407 crore. It was Rs 268 crore in the same quarter a year ago. Meanwhile, most brokerage companies have maintained their rating on Tata Consumer after the Q4 results. However, some companies have changed their target price.

Nuvama on Tata Consumer: Target price ₹1,335 | Rating BUY|

Nuvama has maintained its rating on Tata Consumer stock at 'BUY'. The brokerage has raised the target price of the stock to Rs 1,335 after the March quarter results. Earlier it was Rs 1,255. In this way, the stock can show an upside of 16% going forward. Tata Consumer shares closed at Rs 1150 on Wednesday.