Tata Coffee drops 9.1% in two days after weak Q2 outcome

Tata Coffee fell 2.35% to Rs 1,029.90 at 13:18 IST on BSE, after the company reported consolidated net loss of Rs 12.88 crore in Q2 September 2013 as compared to net profit of Rs 36.84 crore in Q2 September 2012.

Tata Coffee declared Q2 June 2013 results during market hours on Thursday, 7 November 2013.

Meanwhile, the S&P BSE Sensex was down 153.14 points or 0.74% at 20,669.63

On BSE, 30,060 shares were traded in the counter as against average daily volume of 27,168 shares in the past one quarter.

The stock hit a high of Rs 1,064.10 and a low of Rs 1,022 so far during the day. The stock had hit a record high of Rs 1,675 on 8 May 2013. The stock had hit a 52-week low of Rs 880.25 on 13 June 2012.

The stock outperformed the market over the past one month till 7 November 2013, rising 4.68% compared with the Sensex's 4.66% gain. The scrip, however, underperformed the market in past one quarter, rising 8.69% as against Sensex's 11.56% advance.

The small-cap company has equity capital of Rs 18.68 crore. Face value per share is Rs 10.

Shares of Tata Coffee dropped 6.92% to Rs 1,054.65 on Thursday, 7 November 2013 after the company declared weak Q2 results. The stock fell 9.1% in two trading days from Rs 1,133.05 on 6 November 2013.

Tata Coffee's consolidated net sales fell 3.1% to Rs 455.57 crore in Q2 September 2013 over Q2 September 2012.

Tata Coffee is an integrated coffee plantation company. Tata Coffee grows coffee on its own estates, processes the beans, exports green coffee, manufactures and exports Instant Coffee and retails coffee with its own branding in the domestic market.

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