Buy Tata Global Beverage: Ashish Kapur

Buy Tata Global Beverage, says Ashish Kapur, CEO of Investshoppe.

Kapur told CNBC-TV18, "Tata Global Beverage is one stock which has been weak for quite some time mainly on account of high raw material prices. Both tea as well as coffee prices went up that hit the margins of this company. The company has managed to turn around its operations by raising prices of its branded products both in tea as well as coffee therefore we expect margin situation to improve and good momentum to return to this stock." He further added, "It looks good for long-term and short-term investors. We feel buying can be done at the present level with the target of Rs 101 and stop loss at Rs 88." Click HERE to know the rules and follow the score card