Tata Consumer Products inches up on expanding presence in southern markets of India
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Tata Consumer Products is currently trading at Rs. 791.00, up by 0.30 points or 0.04% from its previous closing of Rs. 790.70 on the BSE.
The scrip opened at Rs. 784.50 and has touched a high and low of Rs. 794.15 and Rs. 784.50 respectively. So far 6937 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 861.35 on 14-Sep-2022 and a 52 week low of Rs. 685.00 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 796.85 and Rs. 765.05 respectively. The current market cap of the company is Rs. 73642.75 crore.
The promoters holding in the company stood at 34.44%, while Institutions and Non-Institutions held 40.90% and 24.65% respectively.
Tata Consumer Products (TCPL) is expanding its presence in the southern markets and focusing on building distribution channels in rural and semi-urban markets now. The company continues to gain ground in the South in tea and coffee.
In tea, TCPL's Chakra Gold and Kanan Devan brands continued to make strong inroads into the south and Tata Coffee Grand was restaged with a new pack design. While in the spices category, TCPL launched a range of customised spices under the Tata Sampann brand for the southern market.
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.
