A Tata Group stock clocked strong gains of almost 7% on the BSE on Tuesday, 27 October, snapping its three-day losing streak, boosted by the company's healthy September quarter (Q2FY27) results.
Tata Consumer Products, Tata Group's consumer products company, on 26 October, reported a 14% YoY rise in its Q2FY27 revenue from operations to ₹5,661 crore.
Group net profit for the quarter rose 16% to ₹470 crore, while consolidated EBITDA for the quarter rose 18% to ₹794 crore.
The stock rose 6.66% to end at ₹999 on Tuesday. It hit a 52-week low of ₹916.60 in the previous session on 26 October. It reached a 52-week high of ₹1,282.65 on 12 May.
Year-to-date, the stock is down 15% compared to a 14% fall in the Sensex. On a monthly scale, it is up 5% so far in October, on course to end its two-month losing run.