Tata Group stock achieved the highest level of 52 weeks as soon as inflation came down, investors became rich

Shares of Tata Consumer Products, the FMGC company of Tata Group, climbed 5 percent to Rs 863.80 on Wednesday (June 14). The company's stock hit a 52-week high.
The share price of Tata Consumer Products has seen a lot of volatility in the last three months. The stock touched its 52-week low of Rs 685 on March 16, 2023. After that, the stock of the company has seen an increase of 26 percent.
The company's stock has gained 7.5 percent in April, 4 percent in May, and 8 percent in June so far.
The stock performance of Tata Consumer Products has been very good in the last year. The company's stock has given a return of 16.82 percent in one year. At the same time, since the beginning of this year, the company has given a return of 12.78 percent.
In the March quarter results in FY 2022-23, the company's profit has seen a jump of 21 percent, due to which the company's profit has increased to Rs 289.6 crore, which was Rs 239 crore a year ago. During this period, the company's income has increased by 14 percent to Rs 3619 crore, which was earlier Rs 3,175 crore.
FMGC stocks are seeing a boom due to retail inflation being 5.42 percent in May and a recovery in demand. The coming time is also considered good for FMGC companies. The FMGC index is also trading at its all-time high of 51,741. Apart from Tata Consumer Products, other companies in the FMGC sector such as ITC, HUL, and Godrej Consumer are seeing a boom in their shares.