Tata Consumer Products Ltd.

BSE: 500800 | NSE: TATACONSUM
Large Cap | Tea/Coffee
1107.60
16.50 (1.51%)
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Tata Global Beverages strengthens on plan to invest Rs 150 crore in FY16

Date: 18-08-2015

Tata Global Beverages is currently trading at Rs 132.65, up by 1.60 points or 1.22% from its previous closing of Rs. 131.05 on the BSE.

The scrip opened at Rs. 134.95 and has touched a high and low of Rs. 136.30 and Rs. 132.60 respectively. So far 202634 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 172.85 on 19-Sep-2014 and a 52 week low of Rs. 126.05 on 12-Jun-2015.

Last one week high and low of the scrip stood at Rs. 136.85 and Rs. 129.55 respectively. The current market cap of the company is Rs. 8412.51 crore.

The promoters holding in the company stood at 35.10% while Institutions and Non-Institutions held 34.10% and 27.07% respectively.

Tata Global Beverages is planning a capex of Rs 150 crore on a consolidated basis in FY16. The company would continue to invest in its power brands to stay future-ready. Investment in branding is one of the reasons for lower profits despite higher revenues, besides volatility in Eastern Europe.

Tata Global Beverages, formerly known as Tata Tea, is a multinational non-alcoholic Beverages Company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea.