Shares of Tata Consumer Products hiked on August 19th

Shares of Tata Consumer Products hiked on August 19th

Shares of Tata Consumer Products hiked on August 19th

New Delhi: To begin with, the shares of Tata Consumer Products Limited hiked in the trading session today. The share price of the company rose by 0.52% at Rs. 548.30 in the trade. Besides, the total traded volume on the counter turned over around Rs. 4.05 crores.

Significantly, the stock hit a high of Rs. 653.40 and a low of Rs. 638.25. Also, the 52-week high value of the stock stood at Rs. 740.50. And 52-week low value remained at Rs. 428.00. 

On the other side, the company reported a consolidated net sales of Rs. 2,713.91 crores as of June 2020. Up to 12.84% from the previous quarter, which stood at Rs. 2,405.03 crores. Also, the net profit for the present quarter stood at Rs. 327.56 crores.

As of June 2020, the promoters of the company held 34.68% of its stake. The FIIs and DIIs held 19.48% and 13.42% respectively. 

Moreover, the shares of the company traded at a price-to-earnings multiple of 90.59. So then, the price-to-book ratio stood at 3.39.

August 19th Stock Market Details:

On August 19th, both the Sensex and the Nifty traded at a bullish trend in the stock market. The Sensex gained 190.16 points and reached 38,719.66 levels with a 0.49% profit. On the other side, the Nifty gained 53.45 points and reached 11,438.95 levels with a 0.47% profit.

In the border market, the S&P BSE Midcap index gained 132.70 points with a 0.91% profit and reached 14,785.80 levels. Also, the S&P BSE Smallcap index gained 131.47 points with a 0.91% profit and reached a 14,283.76 level.

Besides, as of August 19th, the number of confirmed COVID-19 cases across India has reached 27,67,273. Also, the number of deaths in the country has reached 52,889.

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