India is the second-largest producer of tea, globally, after China. The local tea industry in India has a market value of more than Rs 12,000 crore.
With the spread of the Coronavirus epidemic, the demand of soda ash from China is likely to take a hit in coming quarters
ICICI Direct is bullish on Tata Global Beverages has recommended buy rating on the stock with a target price of Rs 450 in its research report dated January 15, 2020.
The company's shares hit a new high of Rs 351.40, up nearly 3 percent intraday on January 13.
JM Financial expects the stock to react positively to the result especially since near-term profit performance would remain strong plus as hope builds up further around the impending merger of Tata Chemicals' salt & spices business.
Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with a 7.5 points gain or 0.06 percent. Nifty futures were trading around 11,625-level on the Singaporean Exchange.
Net Sales are expected to increase by 6 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 1,866.5 crore, according to Kotak.
In the Nifty October monthly expiry options, maximum open interest for Put is seen at strike price 11,000 followed by 11,200; while for Call maximum open interest is seen at 11,500 followed by 12,000.
We have collated a list of stocks which remained in focus on Wednesday because of their price action. The technical outlook is for the near to medium term.
The Nifty has resistance zone around 11,150-11,200 where recent highs, 200-DMA and 38.2% Fibonacci retracement of the fall 12,103-10,637 are seen.
ICICI Direct is bullish on Tata Global Beverages has recommended buy rating on the stock with a target price of Rs 300 in its research report dated August 01, 2019.
Net Sales are expected to increase by 5.8 percent Y-o-Y (up 7.4 percent Q-o-Q) to Rs. 1,906.8 crore, according to ICICI Direct.
ICICI Direct is bullish on Tata Global Beverages has recommended buy rating on the stock with a target price of Rs 250 in its research report dated May 16, 2019.
Sakshi Batra does a 3 Point Analysis of the demerger and the outlook on the company.
Tata Global wants to be a diversified FMCG company. Acquiring Tata Chemicals’ foods business was just a step towards that goal
TGBL will be renamed as Tata Consumer Products Limited, and expects the combined entity to reach over 200 million households.
Their appointment, which is with effect from May 7, 2019 for five years, will be subject to the approval of shareholders in the ensuing annual general meeting.
ICICI Direct is bullish on Tata Global Beverages has recommended buy rating on the stock with a target price of Rs 240 in its research report dated April 25, 201
Total income was up at Rs 1,810.69 crore as against Rs 1,714.12 crore in the March quarter of 2017-18.