Tata Consumer Products inches up as its JV enters into six new markets in India
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Tata Consumer Products is currently trading at Rs. 727.40, up by 1.65 points or 0.23% from its previous closing of Rs. 725.75 on the BSE.
The scrip opened at Rs. 726.00 and has touched a high and low of Rs. 729.50 and Rs. 726.00 respectively. So far 8880 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 889.00 on 07-Sep-2021 and a 52 week low of Rs. 554.55 on 01-Feb-2021.
Last one week high and low of the scrip stood at Rs. 756.00 and Rs. 722.45 respectively. The current market cap of the company is Rs. 66881.62 crore.
The promoters holding in the company stood at 34.71%, while Institutions and Non-Institutions held 39.24% and 26.04% respectively.
Tata Starbucks, a 50:50 joint venture between Tata Consumer Products and Starbucks Corporation, has entered into six new markets as part of its expansion into smaller cities in India. It is entering into -- Siliguri, Nashik, Guwahati, Thiruvananthapuram, Goa and Bhubaneswar. The stores are a fusion of the signature Starbucks warm and welcoming design and the city's local culture and craftsmanship, serving as an extension of the neighbourhoods it serve. With these new additions, the company now operates 252 Starbucks stores in 26 cities.
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.
