Tata Consumer Products Ltd is down for a fifth straight session today. The stock is quoting at Rs 592.3, down 1.68% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.83% on the day, quoting at 14314.3. The Sensex is at 48700.68, down 0.68%.Tata Consumer Products Ltd has added around 5.25% in last one month.Meanwhile, Nifty FMCG index of which Tata Consumer Products Ltd is a constituent, has increased around 4.81% in last one month and is currently quoting at 34630.05, up 0.33% on the day. The volume in the stock stood at 22.87 lakh shares today, compared to the daily average of 36.87 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 593.65, down 1.5% on the day. Tata Consumer Products Ltd jumped 54.59% in last one year as compared to a 17.09% rally in NIFTY and a 10.56% spurt in the Nifty FMCG index.

The PE of the stock is 82.19 based on TTM earnings ending September 20.

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Tata Consumer Products will hold a meeting of the Board of Directors of the Company on 2 February 2021.

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The stock has declined by 1.43% in two sessions from its recent closing high of Rs 602.65 recorded on 28 December 2020.

In the past one week, the stock has lost 1.87% while the benchmark S&P BSE Sensex rose 2.40% during the same period.

On a year-to-date (YTD) basis, however, the stock has zoomed 85.02%, outperformed the Sensex which gained 15.28%.

Meanwhile, credit ratings agency, ICRA, upgraded its rating on the company's long-term instruments to ICRA AAA (Stable outlook) from ICRA AA+ (Stable outlook) and reaffirmed the rating for the short-term instruments at ICRA A1+.

Tata Consumer Products is a food and beverages (F&B) focused consumer products company. The company's portfolio of products includes tea, coffee, water, salt, pulses, spices, and ready-to-cook offerings.

The company reported a 33% rise in consolidated net profit to Rs 257.06 crore on 18.5% increase in net sales to Rs 2,781.34 crore in Q2 FY21 over Q2 FY20.

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Tata Consumer Products announced that ICRA has upgraded the rating for the Long Term instruments to ICRA AAA (Stable outlook) from ICRA AA+ (Stable outlook) and reaffirmed the rating for the ShortTerm instruments at ICRA A1+.

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