Tata Coffee gains after fixing record date for stock split

Tata Coffee rose 2.33% to Rs 972 at 09:45 IST on BSE after the company fixed 27 January 2015 as record date for 10-for-1 stock split.

The announcement was made after market hours yesterday, 13 January 2015.

Meanwhile, the S&P BSE Sensex was up 82.79 points or 0.3% at 27,508.52

On BSE, so far 9,687 shares were traded in the counter as against average daily volume of 22,156 shares in the past one quarter.

The stock hit a high of Rs 979.90 and a low of Rs 955.50 so far during the day. The stock had hit a 52-week high of Rs 1,074.80 on 9 April 2014. The stock had hit a 52-week low of Rs 869.90 on 18 February 2014.

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

On consolidated basis, Tata Coffee reported net profit of Rs 32.36 crore in Q2 September 2014 as compared to net loss of Rs 12.88 crore in Q2 September 2013. Net sales fell 11% to Rs 405.53 crore in Q2 September 2014 over Q2 September 2013.

Tata Coffee is Asia's largest coffee plantation company and the 3rd largest exporter of instant coffee in the country.

Powered by Capital Market - Live News