Tata Global Beverages is currently trading at Rs. 154.20, up by 0.25 points or 0.16% from its previous closing of Rs. 153.95 on the BSE.
The scrip opened at Rs. 152.90 and has touched a high and low of Rs. 154.90 and Rs. 151.45 respectively. So far 2,09,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 181.70 on 15-Nov-2012 and a 52 week low of Rs. 113.35 on 16-Jul-2012.
Last one week high and low of the scrip stood at Rs. 154.65 and Rs. 144.15 respectively. The current market cap of the company is Rs. 9,535.00 crore.
The promoters holding in the company stood at 35.20% while Institutions and Non-Institutions held 36.36% and 27.48% respectively.
Tata Global Beverages is planning to make substantial investments in its brands in order to boost the company’s growth. It plans to market its brands in India and overseas, which will need innovations, resulting fund requirement. At present, Starbucks has 17 outlets across the country and it plans to add more outlets.
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.
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