Tata Consumer Products is currently trading at Rs. 407.45, up by 1.60 points or 0.39% from its previous closing of Rs. 405.85 on the BSE.
The scrip opened at Rs. 409.70 and has touched a high and low of Rs. 409.70 and Rs. 403.60 respectively. So far 21970 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 409.70 on 07-Jul-2020 and a 52 week low of Rs. 214.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 409.70 and Rs. 381.05 respectively. The current market cap of the company is Rs. 37182.16 crore.
The promoters holding in the company stood at 34.69%, while Institutions and Non-Institutions held 38.89% and 26.42% respectively.
Tata Consumer Products (TCPL), formed recently by the merger of Tata Global Beverages and the foods business of Tata Chemicals, is aiming to be a full-fledged FMCG company and also scout for new opportunities in the international markets. The merger, which took effect from February 2020, will provide a broader exposure to growth and opportunities in the FMCG space.
The company is also looking at a vast portfolio of consumer products. The company will strengthen distribution and marketing channels so that its products are available nationwide. It will also bolster presence in the US, UK and Canada.
Tata Consumer Products (formerly known as Tata Global Beverages) is a focused consumer products company uniting the food and beverage interests of the Tata Group under one umbrella.