Meanwhile, the S&P BSE Sensex was down 211.82 points or 1.11% at 18,829.31.
The stock fell on high volume. On BSE, 10.85 lakh shares were traded in the counter as against average daily volume of 19,073 shares in the past one quarter.
Shares of Tata Coffee saw immense intraday volatility. The stock dropped as much as 20% at the day's low of Rs 880.25. The stock fell as much as 0.11% at the day's high of Rs 1,099. 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 865.60 on 18 June 2012.
The stock underperformed the market over the past one month till 12 June 2013, declining 33.37% compared with the Sensex's 5.37% decline. The scrip had also underperformed the market in past one quarter, sliding 30.77% as against Sensex's 2.68% fall
The small-cap company has equity capital of Rs 18.68 crore. Face value per share is Rs 10.
Shares of Tata Coffee have declined 27.3% in five trading days from a recent high of Rs 1,460.20 on 6 June 2013.
Tata Coffee's consolidated net profit fell 12.5% to Rs 25.22 crore on 0.1% decline in net sales to Rs 374.45 crore in Q4 March 2013 over Q4 March 2012.
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
