Tata Consumer up 4%, hits new high on inclusion in Nifty50 from March 31

In past one month, the stock of Tata Consumer and Gail has outperformed the market by gaining 11 per cent, against 2.3 per cent risen in the Nifty50 index.

Shares of Tata Consumer Products hit a record high, up 4 per cent, of Rs 654 on the National Stock Exchange (NSE) in intra-day trade on Wednesday after the exchange said the Tata group company will be included in the Nifty50 index from March 31.

The stock surpassed its previous high of Rs 646 touched on February 17. The Tata group company engaged in the tea & coffee business will replace state-owned Gail India. Shares of Gail India were trading 2 per cent lower at Rs 144, as compared to a 0.31 per cent rise in the Nifty50 index at