Buy Tata Coffee For Target Rs 362
Stock market analysts have maintained 'buy' rating on Tata Coffee with an intraday target of Rs 355.
According to them, interested traders can purchase the stock above Rs 352 with a strict stop loss of Rs 348.
If the bourses remain on the positive track, then the stock price will hit a target above Rs 362.
Shares of the company, on Tuesday (Nov 24), closed at Rs 348.75 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 390 and a low of Rs 134.20 on BSE.
Current EPS & P/E ratio of the stock stood at 9.96 & 35.35 respectively.
Tata Coffee is Asia's biggest integrated coffee company.
Formerly named as Consolidated Coffee, Tata Coffee is a division of Tata Tea. Its activities range from the growing and curing of coffee beans to the fabrication and selling of value-added coffee products.
Apart from coffee, Tata Coffee also has tea farms, and produces timber and spices for sale.
The famous brand of Tata Coffee includes Tata Café, Mr. Bean, Coorg Pure, Mysore Gold and Tata Kaapi.
The company has also launched a retail chain of fresh roast and ground coffee channels recognized by the trade name Tata's Coorg Filter Coffee.