Tata Global Beverage has support around Rs 139: Datta

Tata Global Beverage has support around Rs 139, says Devangshu Datta, Consulting Editor, Business Standard.

Datta told CNBC-TV18, “Tata Global has made a breakout above Rs 139 and it looks good and Rs 143-144 is a possible target in the next couple of sessions. Today, it is at Rs 141 and you should be able to get out, on the downside there is very solid support at Rs 138-139, so you are not risking a great deal by going long.”
The company's trailing 12-month (TTM) EPS was at Rs 5.50 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 25.96. The latest book value of the company is Rs 35.74 per share. At current value, the price-to-book value of the company was 4. The dividend yield of the company was 1.51%. Disclosures: At some point of time I have lost money on all these stocks. So assume that I might have position anywhere.