Tata Coffee

Sanjiv Sarin appointed CEO designate of Tata Coffee Limited

sanjiv sarinMumbai, Dec.29 - The Board of Directors of Tata Coffee Limited has announced that Sanjiv Sarin will be appointed as CEO designate of Tata Coffee Limited with effect from January 8, 2015.

Sarin will assume charge as CEO and MD of Tata Coffee Limited upon the retirement of Mr. Hameed Huq, the current CEO and MD , a compnay press release said. (ANI)

Tata Coffee net up 56 percent in Q2

Tata Coffee net up 56 percent in Q2Bangalore, Nov 7 : Tata Coffee posted Rs. 43 crore net profit for the second quarter (July-September) of this fiscal (2013-14), registering 56 percent year-on-year (YoY) growth from Rs. 28 crore in the like period last year on standalone basis.

Sequentially, net profit increased 52 percent from Rs. 28 crore posted in the first quarter (April-June) of this fiscal.

Tata Coffee shares jump on strong Q2 results

Tata Coffee shares jump on strong Q2 resultsShares of Tata Coffee Ltd gained more than 5 per cent to hit its 52-week high of Rs 1071.90 in the early trading on Tuesday after the company announced a rise of more than two-fold in consolidated net profit for the second quarter of current fiscal.

Tata Coffee announced that its net profit jumped to Rs 36.84 crore in the three months to September 30 this year, as compared with Rs 17.59 crore in the corresponding period of previous fiscal year.

Short Term Buy Call For Tata Coffee

Short Term Buy Call For Tata CoffeeTechnical analyst Mitesh Thacker is bullish on Tata Coffee Ltd stock and has maintained 'buy' rating on the stock with targets of Rs 750 and 850.

According to Thacker, the said targets can be attained in the coming weeks.

Today, the stock of the company opened at Rs 680 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 761.40 and a low of Rs 341.50 on BSE.

Current EPS & P/E ratio stood at 22.06 and 33.37 respectively.

Buy Tata Coffee For Target Rs 362

CoffeeStock 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.

LIC hikes stake in Tata Coffee up to 5.28%

LIC hikes stake in Tata Coffee up to 5.28%Life Insurance Corporation of India, (LIC), India's largest insurer has announced that it has increased its stake holding in coffee producer and exporter, Tata Coffee.

The sources said that LIC has increased its pre-existing holding of 4.84% to 5.28%, by purchasing 82,667 shares worth Rs1.63 crore of Tata Coffee.

The company has purchased shares through open market transactions.

Shares of Tata Coffee today settled at Rs 196.60, down 1.26 per cent on the Bombay Stock Exchange (BSE).

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