Tata Consumer Products Ltd.

BSE: 500800 | NSE: TATACONSUM
Large Cap | Tea/Coffee
1188.90
17.65 (1.51%)
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Tata Global Beverages surges on foraying overseas market with Himalayan

Date: 17-05-2013

Tata Global Beverages is currently trading at Rs. 146.50, up by 3.30 points or 2.30% from its previous closing of Rs. 143.20 on the BSE.

The scrip opened at Rs. 147.00 and has touched a high and low of Rs. 147.90 and Rs. 143.15 respectively. So far 3, 49,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 181.70 on 15-Nov-2012 and a 52 week low of Rs. 102.50 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 149.25 and Rs. 139.95 respectively. The current market cap of the company is Rs. 9,059 crore.

The promoters holding in the company stood at 35.20% while Institutions and Non-Institutions held 36.23% and 27.60% respectively.

Tata Global Beverages (TGBL) has entered into overseas marketing for Himalayan, the bottled natural mineral water brand from its product line. Since April, the Himalayan brand was being marketed through Starbucks channels in Singapore, which has been priced at Singapore Dollar 3.2. The Starbucks is likely to sell Himalayan through its nearly 18,000 stores worldwide.

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. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.