Tata Coffee spurts after robust Q1 outcome

Tata Coffee advanced 4.91% to Rs 1,068.90 at 15:22 IST on BSE, after consolidated net profit surged 43.29% to Rs 40.38 crore on 1.14% rose in total income from operations (net) to Rs 418.46 crore in Q1 June 2013 over Q1 June 2012.

Tata Coffee declared Q1 June 2013 results during market hours today, 26 July 2013.

Meanwhile, the S&P BSE Sensex was down 50.08 points or 0.25% at 19,754.68.

On BSE, 1.22 lakh shares were traded in the counter as against average daily volume of 56,186 shares in the past one quarter.

The stock hit a high of Rs 1,103.30 and a low of Rs 980 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 had underperformed the market over the past one month till 25 July 2013, rising 3.22% compared with the Sensex's 6.31% gain. The scrip had also underperformed the market in past one quarter, sliding 32.68% as against Sensex's rise of 2.05%

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

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.

Powered by Capital Market - Live News