Rich brew for Tata Coffee after strong Q2 earnings

Tata Coffee rose 2% to Rs 1078.65 at 10:51 IST on BSE, with the stock extending Tuesday's 4.48% gains triggered by the company reporting strong Q2 results.

Meanwhile, the BSE Sensex was up 19.94 points or 0.11% to 18,729.96.
On BSE, 48,000 shares were traded in the counter as against average daily volume of 30,673 shares in the past one quarter.

The stock hit a high of Rs 1,100 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,058.05 so far during the day. The stock had hit a 52-week low of Rs 711 on 19 December 2011.
The stock had outperformed the market over the past one month till 23 October 2012, surging 7.54% compared with the Sensex's 0.23% fall. The scrip also outperformed the market in past one quarter, jumping 12.02% as against Sensex's 10.86% surge.
The small-cap company has equity capital of Rs 18.68 crore. Face value per share is Rs 10.
Shares of Tata Coffee have surged 6.57% in two trading sessions from Rs 1,012.10 on 22 October 2012, after the company after trading hours on Monday, 22 October 2012, reported strong Q2 results. The stock had surged 4.48% to settle at Rs 1,057.45 on Tuesday, 23 October 2012.
Tata Coffee's consolidated net profit jumped 109.5% to Rs 36.85 crore on 14.7% growth in net sales to Rs 470.53 crore in Q2 September 2012 over Q2 September 2011.
Tata Coffee is an integrated coffee plantation company. It has a hand in every aspect of the coffee making process, with business activities ranging from growing and curing of coffee and tea to the manufacture and marketing of value-added coffee products. 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.

Posted in: Tata Coffee