Tata Consumer Products surges as its JV resumes take away, home delivery services in selected stores

12 May 2020 Evaluate

Tata Consumer Products is currently trading at Rs. 363.15, up by 8.20 points or 2.31% from its previous closing of Rs. 354.95 on the BSE.

The scrip opened at Rs. 354.10 and has touched a high and low of Rs. 357.40 and Rs. 346.85 respectively. So far 77353 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 407.95 on 05-Feb-2020 and a 52 week low of Rs. 197.35 on 16-May-2019.

Last one week high and low of the scrip stood at Rs. 365.00 and Rs. 325.85 respectively. The current market cap of the company is Rs. 32367.76 crore.The promoters holding in the company stood at 34.45%, while Institutions and Non-Institutions held 40.93% and 24.62% respectively.

Tata Starbucks, a 50:50 joint venture (JV) between Tata Consumer Products and Starbucks Corporation, has resumed take away and home delivery services in selected stores in eight cities. Amid the lockdown, Tata Starbucks is beginning the process of re-opening responsibly and serving its customers in multiple ways under modified operations, including re-launch of its much awaited takeaway service. The cities are Mumbai, Pune, New Delhi, Gurugram, Bengaluru, Chennai, Kolkata and Surat.

The company has taken a slew of precautionary measures in its operational stores, which includes temperature checks of baristas, customers, delivery executives before placing orders, besides contactless delivery operations. For takeaways lines, Tata Starbucks has designated waiting areas and grid marks for customers to maintain social distancing norms.

Tata Consumer Products (formerly known as Tata Global Beverages) is a focused consumer products company uniting the food and beverage interests of the Tata Group under one umbrella.

Tata Consumer Produc Share Price

1095.40 6.05 (0.56%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Tata Consumer Produc 1095.40
CCL Products (India) 582.00
Mcleod Russel 24.03
Goodricke Group 163.05
Jay Shree Tea 96.85
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