India's Tata Consumer rises; Morgan Stanley expects co to outperform benchmark index

Tata Consumer Products

07/01/2025 06:28

** Shares of Tata Consumer Products  TACN.NS  rise 2.4% to
969.25 rupees
    ** Morgan Stanley expects TACN stock price to rise relative
to the benchmark index over the next 30 days; co's stock
underperformed BSE Sensex Index  .BSESN  in the past three
months
    ** Stock outperformance on pricing led growth, positive
growth in tea operations volumes, and improving growth momentum
for business - the brokerage said in a note 
    ** Morgan Stanley expects TACN's organic revenue to rise 9%
y/y in Q3
    ** "Though absolute valuation is high, we believe market
will be willing to pay a premium for this opportunity and
sustained growth potential," MS note said
    ** Stock gains for sixth straight session 
    ** TACN lost 14.8% in 2024 vs a 41.7% jump in 2023

    

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))