Tata Consumer Products Ltd slips for fifth straight session

Tata Consumer Products Ltd is down for a fifth straight session today. The stock is quoting at Rs 1176.85, down 0.99% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.12% on the day, quoting at 24863.45. The Sensex is at 81221.43, down 1.19%.Tata Consumer Products Ltd has lost around 1.9% in last one month.Meanwhile, Nifty FMCG index of which Tata Consumer Products Ltd is a constituent, has increased around 1.45% in last one month and is currently quoting at 63700.4, down 0.74% on the day. The volume in the stock stood at 5.69 lakh shares today, compared to the daily average of 11.12 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 1182.4, down 0.9% on the day. Tata Consumer Products Ltd jumped 38.75% in last one year as compared to a 26.04% rally in NIFTY and a 21.94% spurt in the Nifty FMCG index.

The PE of the stock is 113.04 based on TTM earnings ending June 24.