Last updated: 25 Feb, 2021 | 03:16 pm
Tata Consumer Products will be included in the Nifty 50 Index from March 31st, 2021.
Free-float and weightage
Impact on valuation of Nifty 50
Tata Consumer has a higher PE ratio (standalone ratio of ~94 times), as compared to GAIL (~11.94 times). Hence, it is expected that the Nifty’s valuation will also become pricier. However, since the weightage is expected to be low (0.53%), the impact is expected to be minimal.
Tata Consumer’s Q3 Performance
The company said that it is exploring various growth avenues through new launches across markets. It has also stepped up investment behind its brands to further strengthen its reach and relevance to consumers. Overall, despite a challenging external environment this year due to rise in input costs, the company has delivered good growth, improving visibility for the upcoming quarters.