Tata Consumer: Keep an Eye on These Two Factors
From about Rs200 in March last year, the stock of Tata Consumer Products Ltd (TCPL) has run up to around Rs500 now. The price-to-earnings ratio (P/E) is 58. While the P/E of a stock says nothing about future performance of the business or the stock, it says everything about what investors are expecting from the business and, perhaps, the stock. A high P/E shows high confidence that the...
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