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Buy Tata Global Beverages, target Rs 332: CK Narayan

Buy Tata Global Beverages Ltd. at a price target of Rs 332.0 and a stoploss at Rs 318 from entry point.

Updated: Dec 13, 2019, 09.09 AM IST
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CK Narayan of Chart Advise has a buy call on Tata Global Beverages Ltd. with a target price of Rs 332. The current market price of Tata Global Beverages Ltd. is Rs 323.6 Time period given by analyst is Intra Day when Tata Global Beverages Ltd. price can reach defined target. CK Narayan recommended to keep stoploss at Rs 318.

Tata Global Beverages Ltd., incorporated in 1962, has a market cap of Rs 20423.36 crore.
Tata Global Beverages Ltd. key Products/Revenue Segments include Tea which contributed Rs 3331.70 Crore to Sales Value (97.14 % of Total Sales), Other Operating Revenue which contributed Rs 80.56 Crore to Sales Value (2.34 % of Total Sales), Export Incentives which contributed Rs 17.39 Crore to Sales Value (0.50 % of Total Sales), Sale of services which contributed Rs .01 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1834.06 Crore, down -3.32 % from last quarter Sales of Rs 1897.13 Crore and up 4.16 % from last year same quarter Sales of Rs 1760.87 Crore Company has reported net profit after tax of Rs 143.23 Crore in latest quarter. The company’s top management includes Mr.Ajoy Misra, Mr.Bharat Puri, Mr.Harish Bhat, Mr.L Krishnakumar, Mr.N Chandrasekaran, Mr.S Santhanakrishnan, Mr.Siraj Azmat Chaudhry, Mrs.Shikha Sharma. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 631,129,729 shares outstanding.

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