Tata Coffee extends fall despite company's clarification

The stock has declined 26% in past two trading sessions on the Bombay Stock Exchange.

Tata Coffee is trading lower by 8% to Rs 1,016, extending its previous day’s fall, despite the company's clarification on fall in shares. The stock has fallen 26% in past two trading sessions on the Bombay Stock Exchange (BSE).

The stock opened at Rs 880 and hit a high of Rs 1,099 on BSE. A combined 4.46 million shares have already changed hands on the counter till late noon deals against an average sub 100,000 shares that were traded daily in past two weeks.

“With reference to increase in trading volumes and market price of the shares, the company has clarified to BSE that at present there is no market sensitive information relating to the company that has not been shared with the Exchange,” Tata Coffee said in a regulatory filing.