India's Tata Consumer rises as brokerages upgrade stock on growth, margin outlook
India's Tata Consumer rises as brokerages upgrade stock on growth, margin outlook Oct 27 (Reuters) - Shares of India's Tata Consumer Products TACN.NS rose on Tuesday after two brokerages upgraded the stock following its better-than-expected quarterly results, citing strong growth in newer businesses and prospects for a recovery in margins.
Shares of the company climbed 3.47% in pre-open trade, after closing 2.84% lower in the previous session.
(Reporting by Surbhi Misra in Bengaluru; Editing by Sherry Jacob-Phillips)
((Surbhi.Misra@thomsonreuters.com || www.linkedin.com/in/surbhi-misra9/;))
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