Tata Global Beverages gains after bulk deal

Tata Global Beverages rose 1.58% to Rs 141.70 at 12:22 IST on BSE after a bulk deal of 7 lakh shares was executed on the counter at Rs 141.10 per share at 11:55 IST on BSE today, 23 July 2015.

Meanwhile, the S&P BSE Sensex was down 49.59 points or 0.17% at 28,455.34

Bulk deal boosted volume on the Tata Global Beverages scrip. On BSE, so far 7.91 lakh shares were traded in the counter as against average daily volume of 2.20 lakh shares in the past one quarter.

The stock hit a high of Rs 142 and a low of Rs 139.10 so far during the day. The stock had hit a 52-week high of Rs 172.85 on 19 September 2014. The stock had hit a 52-week low of Rs 126.05 on 12 June 2015.

The mid-cap FMCG firm has equity capital of Rs 61.84 crore. Face value per share is Re 1.

Tata Global Beverages' consolidated net profit dropped 94.4% to Rs 3.90 crore on 0.3% rise in total income to Rs 1931.12 crore in Q4 March 2015 over Q4 March 2014.

Tata Global Beverages is a global beverage business. The company has significant interests in tea, coffee and water and is the world's second largest tea company.

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