India's Tata Consumer posts sharpest intraday loss in over 2 weeks

Tata Consumer Products

03/10/2022 10:49

** Shares of coffee and tea producer and distributor Tata Consumer Products
Ltd  TACN.NS  down as much as 3.08% to 778 rupees, their sharpest intraday loss
since Sept. 16 
    ** The stock touches its lowest since Sept. 26
    ** More than 1.4 mln shares traded as of 0938 GMT, vs the 30-day moving avg
of more than 1.9 mln shares
    ** Eighteen of 23 brokerages rate the stock "buy" or higher, four "hold" and
one rates it "sell;" their median PT is 876.96 rupees - Refinitiv 
    ** As of last close, TACN stock up 7.99% vs a 1.19% fall in the benchmark
Nifty 50 index  .NSEI 
 (Reporting by Navamya Ganesh Acharya)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))