/ Tata Global Beverages Recommends A Dividend Of Rs 2.35 Per Share ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 31 May 2017

Tata Global Beverages on Tuesday informed that the board of directors at its meeting held on May 30, 2017, has recommended an equity dividend of Rs 2.35 per share for the financial year 2016-17, as per BSE filing.

The company reported a consolidated net profit of Rs 84.36 crore for the quarter ended March 31, 2017. It had posted a consolidated net loss of Rs 249.63 crore in the same quarter of the previous year.

Meanwhile, Tata Global Beverages was up by 2.5% at Rs 149.25 per share at 14:45 hours IST on BSE. The stock witnessed a spurt in the volume by more than 2.01 times. It hit a high of Rs 151 and a low of Rs 147.80 so far during the day.

Tata Global Beverages Limited is engaged in the trading, production and distribution of tea, coffee and water.

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