The Tata Consumer Products Ltd stock rose by over 4% on Thursday, a day when the Nifty 50 index was marginally down. Not without reason.
The company has released an update on covid-19 impact and has indicated that business is gradually returning to normalcy. Plus, commentary on the international business demand is encouraging.
Since mid-March, Tata Consumer’s India operations saw disruptions owing to the covid-19 crisis. Commenting on the same, the company said operations have started resuming partially since early April.
Initially, it saw a mixed response across channels. In the international business, the company’s factories have been running flat out.