/ Tata Global Beverages Zooms Over 5% Post Impressive Q3 Results ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 2 February 2017

The BSE Mid-cap index is outperforming the broader markets, trading at 13185.95 levels, up by 100.71 points or 0.77%.

Major stocks are trading in green with 52 advances and 30 declines seen in the sectoral index. Cummins India is up by 6.25%, Godrej Industries is up by 5.82%, Tata Global Beverages is up by 5.41%, Tata Communications is up by 4.77%, Exide India is up by 4.26% and Divi’s Labratories is up by 4.02%.

On Wednesday, Tata Global Beverages, for the December quarter has posted an over two-fold jump in consolidated net profit at Rs 144.86 crore, owing to lower finance cost and improved operating performance. A year ago in October-December it had posted a net profit of Rs 60.46 crore.

While, Hindustan Petroleum, Cummins India and Indiabulls Housing Finance are contributing 40% to the sectoral index gains and lifting it to higher levels.

Tata Global Beverages Ltd is currently trading at Rs 135.75, up by Rs 5.5 or 4.22% from its previous closing of Rs 130.25 on the BSE.

The scrip opened at Rs 133.2 and has touched a high and low of Rs 137.9 and Rs 132.3 respectively. So far 4452599(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 8220.46 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 157.65 on 19-Oct-2016 and a 52 week low of Rs 100.1 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 131.95 and Rs 127.5 respectively. The promoters holding in the company stood at 34.4 % while Institutions and Non-Institutions held 33.37 % and 28.52 % respectively. The stock is currently trading above its 200 DMA.

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