Tata Global hits record high post Q3 nos; analysts remain positive

"The company recorded steady revenue growth despite challenging macroeconomic conditions in India and some key international markets," Ajoy Misra, Managing Director and CEO, said.

Shares of Tata Global Beverages hit fresh lifetime high Rs 407.95, up 7.4 per cent, on the BSE on Wednesday after the company reported a 25 per cent year-on-year (YoY) jump in the net profit at Rs 135.85 crore in the third quarter ended December, aided by higher sales and lower tax rate. In the year-ago period, its consolidated net profit stood at Rs 108.89 crore.

At 10:27 am, the stock was quoting at Rs 404.2 apiece, up 6.4 per cent on the BSE. In comparison, the S&P BSE Sensex was ruling 0.48 per cent higher at 40,985.93 level. A