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Buy Tata Global Beverages, target Rs 220: Kunal Bothra

ETMarkets.com|
Oct 06, 2017, 08.54 AM IST
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Independent analyst Kunal Bothra has a buy call on Tata Global Beverages with a target price of Rs 220.

The current market price of Tata Global Beverages is Rs 209.25.

Time period given by the analyst is intraday when Tata Global Beverages price can reach defined target.

Kunal Bothra recommended to keep a stop loss at Rs 205.

Tata Global Beverages, incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 13,206.39 Crore) operating in Tea / Coffee sector.

Tata Global Beverages key Products/Revenue Segments include Tea which contributed Rs 2,985.98 Crore to Sales Value (97.45 per cent of Total Sales), Other Operating Revenue which contributed Rs 68.84 Crore to Sales Value (2.24 per cent of Total Sales), Textiles which contributed Rs 7.66 Crore to Sales Value (0.25 per cent of Total Sales), Sale of services which contributed Rs 1.41 Crore to Sales Value (0.04 per cent of Total Sales)for the year ending 31-Mar-2017.

The company's top management includes Mr.Ajoy Misra, Mr.L Krishnakumar, Mr.N Chandrasekaran, Mr.S Santhanakrishnan, Mr.Siraj Azmat Chaudhry, Mr.V Leeladhar, Mrs.Ireena Vittal, Mrs.Mallika Srinivasan, Mrs.Ranjana Kumar.

Company has LoveLock & Lewes as its auditors.

As on 30-06-2017, the company has a total of 631,129,729 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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