Tata Consumer Products shares surge 8% on Goldman Sachs upgrade, target hiked to Rs 1,200

Tata Consumer Products shares: Tata Consumer Products shares rose 8% to Rs 1,073.15 on the NSE after Goldman Sachs upgraded the stock to a ‘Buy’ rating, increasing its target price to Rs 1,200. This follows expectations of strong EPS growth from a recovery in tea margins and distribution expansion. The stock has surged 41% over the past two years.

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