Tata Sons increases stake in Tata Global; stock up 3.4%

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Tata Sons increases stake in Tata Global; stock up 3.4%

Tata Sons has increased stake in Tata Global Beverage, reports CNBC-TV18, quoting Newswire18.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Tata Global Bev See messages about Tata Global Bev Tata Global Bev BSE | NSE 31/05/12 Are Mutual Funds betting on Tata Global Bev?

Tata Sons has increased stake in Tata Global Beverage , reports CNBC-TV18, quoting Newswire18.

Tata Global Beverage touched an intraday high of Rs 122.30 and an intraday low of Rs 116. At 11:27 hrs the share was quoting at Rs 120.70, up Rs 4, or 3.43%.
 
It was trading with volumes of 403,229 shares. In the previous trading session, the share closed down 3.19% or Rs 3.85 at Rs 116.70.

Tata Global Beverages trailing 12-month (TTM) EPS was at Rs 2.92 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 41.22. The latest book value of the company is Rs 32.90 per share. At current value, the price-to-book value of the company was 3.66. The dividend yield of the company was 1.66%.