“We believe any stock run-up attributed to this news flow should come off,” said brokerage Emkay Global’s analysts Anand Dama, Kunaal N, and Marazbaan Dastur in a client note. “This raised hopes for the replacement… with a pedigreed external candidate from a large bank as MD.”
Tata Consumer Q2 Results: Cons PAT jumps 8% YoY to Rs 364 crore, beats estimates
Tata Consumer Q2 Results: The profit after tax was above ET Now poll estimates of Rs 314 crore. The company reported quarterly revenue of Rs