What does Tata Consumer’s entry into Nifty50 imply?

Business


The TCPL stock has more than doubled since last April when the new CEO took charge.

Synopsis

A new outsider CEO, restructuring of operations and portfolio and new product launches amid the pandemic worked well to enable the stock to scale new heights.

ET Intelligence Group: The inclusion of Tata Consumer Products (TCPL) in the Nifty-50 Index makes it the fifth FMCG stock and the fifth Tata group company to be part of the benchmark index from March 31.The speculation around this inclusion had pushed the stock to a new high earlier this month. TCPL now trades at premium valuations of 80 PE with a market cap of over five times its past four quarters’ revenues. A high valued stock (TCPL) is now

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