Tata Consumer Products sees 3.27% increase in stock price, outperforms sector and market

Tata Consumer Products, a leading player in the tea and coffee industry, has seen a 3.27% increase in its stock price on November 22, 2024. This comes after the stock was given a 'Sell' call by MarketsMOJO.

The stock is currently trading close to its 52-week low, with a difference of only 4.12%. However, it has outperformed the sector by 0.36% today. This could be seen as a potential trend reversal, as the stock has gained after two consecutive days of falling.

Intraday, the stock reached a high of Rs 939.5, showing a 2.99% increase. However, it is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the tea/coffee sector, Tata Consumer Products has gained by 2.84%. This shows a positive trend in the industry, which could potentially benefit the company.

In comparison to the overall market performance, Tata Consumer Products has outperformed the Sensex by 3.24% in the past day and has a better 1-month performance of -5.61% compared to the Sensex's -2.72%.

Overall, Tata Consumer Products has shown a positive performance in the tea/coffee industry and has outperformed the market in the short term. However, investors should keep an eye on the stock's performance in the coming days to make informed decisions.