Tata Consumer stock rises by 4%; firm addresses rumors about Haldiram's stake sale
– The scrip has an analyst target price of Rs 932, Trendlyne data showed.
– It has a one-year beta of 0.93, indicating low volatility on the counter.
– The stock surged 4.40 per cent to hit an intraday high price of Rs 883.
Tata Group counter was last seen trading higher than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-, 200-day simple moving averages (SMAs).
The counter's 14-day relative strength index (RSI) came at 65.29.
The company's stock has a price-to-equity (P/E) ratio of 78.36 against a price-to-book (P/B) value of 6.16.
The scrip has an analyst target price of Rs 932, Trendlyne data showed, suggesting a potential upside of 6 per cent.