The FMCG division of the Tata Group had a consolidated net profit of ₹364.43 Crore during the December quarter of the previous year.
Recommendation: Reduce; Target price: ₹2100
The monetary policy committee (MPC) of the RBI maintained the same repo rates at 6.5%.
On January 31, the Reserve Bank of India (RBI) ordered Paytm Payments Bank to impose limitations on Paytm.
The rate decision by RBI was expected, but the macro outlook seems robust.
Recommendation: Buy; Target price: ₹2050
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