TATA CONSUMER PRODUCTS Plunges by 5%; BSE 500 Index Down 1.5%

March 18, 2020 10:28 AM

TATA CONSUMER PRODUCTS share price has plunged 5% and is presently trading at Rs 289.

Meanwhile, the BSE 500 Index is at 11,951 (down 1.5%).

Among the top losers in the BSE 500 Index today are TATA CONSUMER PRODUCTS (down 5.0%) and WABCO INDIA (down 5.2%).

YES BANK (up 28.6%) and ZEE ENTERTAINMENT (up 11.1%) are among the top gainers today.

Over the last one year, TATA CONSUMER PRODUCTS has moved up from Rs 201 to Rs 289, registering a gain of Rs 88 (up 44.0%)..

The BSE 500 has moved down from 15,069 to 11,951, loss of 3,118 points (down 20.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 233.7%), ABBOTT INDIA (up 101.8%) and NAVIN FLUORINE (up 82.9%).

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (down 1.3%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 2.3%). The most traded stocks in the BSE Sensex are ONGC and TATA STEEL.

In the meantime, NSE Nifty is at 9,128 (down 0.6%). YES BANK (up 27.7%) and ZEE ENTERTAINMENT (up 11.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 20.79%).

TATA CONSUMER PRODUCTS Financial Update...

TATA CONSUMER PRODUCTS net profit stood at Rs 1 billion for the quarter ended December 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 2.6% to Rs 19.6 billion during the period as against Rs 19.1 billion in October-December 2018.

For the year ended March 2019, TATA CONSUMER PRODUCTS reported 13.8% decrease in net profit to Rs 5.1 billion compared to net profit of Rs 5.9 billion during FY18.

Revenue of the company grew 6.4% to Rs 73 billion during FY19.

The current Price to earnings ratio of TATA CONSUMER PRODUCTS, based on rolling 12 month earnings, stands at 32.3x.