Tata Consumer Products: Why Nomura is bullish on this new Nifty entrant

Formerly, known as Tata Global Beverages, Tata Consumer is currently undergoing a transformation to become a multi-category FMCG company from a food and beverage (F&B) company

Shares of Tata Consumer Products have been in the focus of late after the stock got admitted to the flagship Nifty50 index on March 31 as part of the index rejig.

On a year-to-date (YTD) basis, the stock has managed to beat both the Nifty50 and Nifty FMCG index in terms of returns. The Tata group stock has gained 8 per cent as against Nifty's 5 per cent and 2 per cent up move in the Nifty FMCG index during this perios, ACE Equity data show. In the FCMG pack, the stock is among the select few that have offered