Tata Global Beverages gains as its JV - Tata Starbucks enters national capital

25 Jan 2013 Evaluate

Tata Global Beverages is currently trading at Rs. 148.30, up by 2.45 points or 1.68% from its previous closing of Rs 145.85 on the BSE.

The scrip opened at Rs 146.00 and has touched a high and low of Rs 149.30 and Rs 145.30 respectively. So far 103513 shares were traded on the counter.

The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs 181.70 on 15-Nov-2012 and a 52 week low of Rs 94.10 on 27-Jan-2012.

Last one week high and low of the scrip stood at Rs 156.75 and Rs 143.85 respectively. The current market cap of the company is Rs 9152.30 crore.

The promoters holding in the company stood at 35.20% while Institutions and Non-Institutions held 38.30% and 25.47% respectively.

Tata Global Beverages’ 50:50 joint venture (JV) with Starbucks Coffee Company - Tata Starbucks - has marked its entry in Delhi with the opening of two stores at the New Delhi Indira Gandhi International (IGI) Airport. The store is located in the Domestic Terminal’s Gate 27 and International Terminal’s Gate 15. The store will be open 24 hours at the international terminal and from 5 a.m. to 9 p.m. at the domestic terminal.

Besides, the company is planning to extend its presence in this segment with the launch of Starbucks stores at the Chhatrapati Shivaji International Airport in Mumbai by the end of March 2013. Starbucks entered India in October 2012 and has four stores in Mumbai.

Tata Global Beverages, formerly known as Tata Tea, is a multinational non-alcoholic beverages company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.

Tata Consumer Produc Share Price

905.45 15.70 (1.76%)
23-Dec-2024 11:45 View Price Chart
Peers
Company Name CMP
Tata Consumer Produc 905.45
CCL Products (India) 746.45
Mcleod Russel 45.55
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