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Tata Consumer Products, incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 71626.80 Crore) operating in FMCG sector.

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​But one more important thing to note is that because of the fall in the commodity prices, there could be a margin expansion from coming quarters and this will lead into growth.

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These five stocks from the cement pack can fetch investors better growth and good momentum in the near term.

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As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 11.15 per cent and domestic institutional investors had 5.79 per cent.

The stock has outperformed the Nifty50 by over 110% but the current trends indicate a sideways movement in the counter and it may not ride the current momentum, going ahead.

Quarter four has been very good. It has been a double digit EBITDA quarter and we hope that in FY24 we can maintain kind of a double digit EBITDA trajectory for the whole year, that is our focus.

Experts predict that Info Edge, a company in the consumer services industry, could surpass Rs 4,000-4,400 levels despite a 16% drop from August 2022 highs that saw it close at Rs 3,890 on 22 May 2023. The stock bounced back from its short-term moving average and is trading above 5,10,20 and 30-day moving averages, indicating the upward trend is likely to persist. Furthermore, the breakout level from the head and shoulder pattern at Rs 3,580 is now an important support level and traders are advised to buy now or on slight dips for short-to-medium term gains.

Tata Power shares up 0.15% as Nifty gains

Updated at : 2023-05-24 12:20:03

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A total of 107,251 shares changed hands on the counter till time (IST).

Indian market is set to consolidate, following sluggish global signals. S&P BSE Sensex & Nifty50 demonstrated negligible growth with a positive bent on Tuesday. India VIX inclined from 12.57 to 12.60 on Tuesday but still considered to have stable volatility. According to Chandan Taparia of Motilal Oswal Financial Services Ltd, “options data” indicate trading ranging 18150 to 18500. Sharekhan, an independent technical analyst and together with experts from BNP Paribas, also suggests the purchase of the stock of Balkrishna Industries, Mastek, ICICI Bank, among others.

Sudip Bandyopadhyay suggests waiting to see whether the long-run performance of businesses such as Nykaa and Delhivery and any significant changes to their valuations will occur. He also admires the cement industry, specifically Birla Corporation and Larsen & Toubro, and advises cautiousness with Paytm and Zomato due to their unestablished models. Additionally, he finds the intermittent selling of businesses to foreign-holding company parents from Siemens and ABB, respectively, concerning.

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