Tata Consumer gains despite margin pressure and weak charts
Tata Consumer Products Limited rose 1% post-Q1 results, but analysts flagged shrinking margins due to input cost inflation. EBITDA dropped 9%, while margins fell 250bps to 12.9%. Technically, the stock broke below ₹1,070 with volume spike, indicating bearish bias. Analysts see limited upside unless volumes recover and resistance lies at ₹1,150-1,160; key support at ₹980-1,000.
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