Tata Consumer Products Shares up 8%; Goldman Sachs Upgrades Target Price
The shares jumped by 8.15% to clock an intraday high of ₹1,073.15 apiece on the NSE. Later on, the scrip traded at ₹1,063.40 per share, up 7.17%.
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Shares of Tata Consumer Products surged in the early trade on April 2 after Goldman Sachs upgraded its rating on the stock and increased the target price.
The shares jumped by 8.15% to clock an intraday high of ₹1,073.15 apiece on the NSE. Later on, the scrip traded at ₹1,063.40 per share, up 7.17%.
Goldman Sachs gave a ‘BUY’ rating on the stock from ‘Neutral’ by revising the target price at ₹1,200 per share from the earlier recommendation of ₹1,040 apiece.
The brokerage stated that Tata Consumer Products is set for robust growth in its Earnings Per Share (EPS) over financial years 2025-2027.
During Q4FY25, the company reported a decline of 6% in the net profit at ₹282 crore. The fall was largely driven by inflation in the tea segment and high interest costs. On a sequential basis, the profit fell by 23% from ₹367.2 crore in Q3FY25.
