Stock Radar: Tata Consumer breaks out of 4-month consolidation; stock up nearly 40% in 1 year

The breakout has propelled the stock higher in the short- to medium-term. Experts advise traders to buy Tata Consumers for a target above 1,300 levels. The stock has rallied from Rs 860 as of July 19, 2023, to Rs 1,188 on July 19, 2024 — an upside of over 38% in a year. On March 7, 2024, it touched a record high of Rs 1,269, but the rally lost steam soon after and the stock started trading in a narrow range.