Technical analysis shows new strength emerging in TATA Consumer.
Fundamentals in favor:
1. Company's leadership is trying to reduce debt & working capital year on year 2. Market leader in Salt & Tea (Almost monopoly) 3. Venturing into other ready made kitchen segments : idle, poha & etc
[Most Imp trigger] 4. Acquisition of Big basket will transform this company into 3rd e retail giant after Amazon & jio Mart. 5. Only FMCG company capable of +20% ROCE for next 4-5 years!!
Verdict: If you can happily invest & forget about it for next 3 years, then it will easy give around 200% returns!
Disclosure: Invested, Follow your risk management if you may enter.
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