Tata Consumer Products shares in tailspin after weak Q2 results; what should investors do?

Tata Consumer Products (TATACONSUM) Share Price: Tata Consumer Products shares fell sharply connected Monday aft the Tata radical institution reported a anemic acceptable of quarterly earnings. The Tata radical banal fell by arsenic overmuch arsenic Rs 107.5, oregon 9.8 per cent, to Rs 987.2 apiece connected BSE. 

At 11:50 am, Tata Consumer Products (TATACONSUM) shares were down 9.1 per cent for the time astatine Rs 995 apiece connected the bourse.

After marketplace hours connected Friday, Tata Consumer Products reported a 7.7 per cent emergence successful its consolidated nett net to Rs 364 crore for the July-September period. Its gross increased 12.9 per cent to Rs 4,214 crore, according to a regulatory filing.

The institution registered 16.4 per cent maturation successful its net earlier interest, taxes, depreciation and amortisation (EBITDA) for the fiscal 2nd quarter. Its EBITDA stood astatine Rs 625 crore. 

According to Zee Business research, the Tata radical steadfast was expected to registry quarterly gross of Rs 4,310 crore.

How marketplace guru Anil Singhvi views Tata Consumer Products Q2 results

Zee Business Managing Editor Anil Singhvi described Tata Consumer Products' results arsenic "extremely weak" connected the operational beforehand with a mediocre show of its India business. 

Before the opening doorbell connected Monday, the marketplace wizard suggested selling Tata Consumer Products futures for targets of Rs 1,072, Rs 1,065 and Rs 1,045 with a halt nonaccomplishment astatine Rs 1,110. 

Catch each the latest stock marketplace updates here. For each different quality stories successful buzzing categories similar technology, automobiles and idiosyncratic finance, and overmuch more, visit Zeebiz.com.