The consumer division of the Tata Group is currently engaged in discussions regarding the acquisition of a minimum of 51% ownership in Haldiram’s, a well-known snack food manufacturer. However, it has been reported that the proposed valuation of $10 billion is causing some hesitation on Tata’s part. This potential transaction, if it materializes, would place the Indian conglomerate in direct competition with both Pepsi and Reliance Retail, led by billionaire Mukesh Ambani.

Setting aside this acquisition matter, it’s worth noting that Tata Consumer’s stock is exhibiting a positive trend on price charts. Specifically, there seems to be the formation of a symmetrical triangle pattern, which could be interpreted as a favorable sign for the company’s stock performance.