Why this Indian MNC beverage company is looking attractive at current levels?
May 06, 2019 / 08:57 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
A little more than two years ago, Tata Global Beverages (TGB) embarked upon a series of restructuring measures starting with the unwinding of cross holding in group companies. Thereafter, it exited loss making ventures that helped the stock to re-rate. TGB exited from its China joint venture, restructured the Poland business, sold stake in its Sri Lankan venture and changed its business model in Russia. From around Rs 160 levels in August 2017, the stock almost doubled in a matter of...