BUY Tata Consumer: Gaurav Bissa, LKP Securities
LKP Securities Assistant VP Gaurav Bissa has suggested BUY Call for Tata Consumer on declines. As per Bissa, Tata Consumer gave a breakout above Rs 395-400 and the stock witnessed accumulation after those levels. The stock retested Rs 400 levels and the rally afterwards was even stronger.
Bissa has suggested BUY call for Tata Consumer on dips. Every decline in the stock can be considered as an opportunity to buy for medium to long term.
Currently, Tata Consumer is trading at Rs 518 and the stock is very close to its 52-week high of Rs 530. The stock touched 52-week low of Rs 213 during COVID-19 led panic selling in March 2020.
The recovery in this counter has been quick and investors can expect further returns in this stock from Tata Group.