This multibagger Tata stock can surge over 21%, says ICICI Securities
Sun, Oct 23, 2022 5:13 PM

This multibagger Tata stock can surge over 21%, says ICICI Securities

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Anticipating Tata Consumer Products (TCPL) to declare revenue and PAT CAGR of 12.1% and 18.1%, respectively, over FY22-24E. The brokerage firm ICICI Securities maintains a buy call on TCPL with a marked price of Rs 925. The brokerage sees a possible upside of over 21% in the stock. TCPL reported revenue and EBITDA growth of 10.9% and 5% YoY, respectively. However, periodic PAT declined 20.5% YoY.

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