Shares of Tata Consumer Products Ltd. gained 0.81 per cent to Rs 493.5 in Wednesday's session as of 12:09PM (IST) even as the equity benchmark Sensex traded 351.42 points higher at 40612.55.


Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 591.75 and a 52-week low of Rs 214.0 on NSE. Around 75589 shares changed hands on the counter till 12:09PM (IST).

The stock opened at Rs 492.45 and has touched an intraday high and low of Rs 498.45 and Rs 489.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 81.3, earnings per share (EPS) of Rs 6.06 and price to book value (PB) of 1.97, while the return on equity (ROE) stood at Rs 3.33.

Promoter/ FII Holding
The promoters held 34.68 per cent stake in the company as of November 04, while FII and MF ownerships stood at 21.64 per cent and 11.86 per cent, rrespectively.

Key Financials
With a market capitalisation of Rs 45377.21 crore, the company operates in the FMCG Food & Beverages industry. For the quarter ended 30-Jun-2020, the company reported consolidated sales of Rs 2713.91 crore, up 12.84 per cent from the previous quarter?s Rs 2405.03 crore and up 43.05 per cent from the same quarter a year ago. The company reported net profit of Rs 327.56 crore for the latest quarter, up 161.36 per cent from the correspondng quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 51.13. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicatorshould not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.