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Buy Tata Global Beverages, price target Rs 330: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on Tata Global Beverages Ltd. with a target price of Rs 330.0 . The current price of Tata Global Beverages Ltd. is Rs 315.5 . Chandan Taparia recommended to keep a stoploss at Rs 309 .

Tata Global Beverages Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 19912.14 Crore) operating in FMCG sector.

Tata Global Beverages Ltd. key Products/Revenue Segments include Tea which contributed Rs 3331.70 Crore to Sales Value (97.14 % of Total Sales), Other Operating Revenue which contributed Rs 80.56 Crore to Sales Value (2.34 % of Total Sales), Export Incentives which contributed Rs 17.39 Crore to Sales Value (0.50 % of Total Sales), Sale of services which contributed Rs .01 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1834.06 Crore, down -3.32 % from last quarter Sales of Rs 1897.13 Crore and up 4.16 % from last year same quarter Sales of Rs 1760.87 Crore Company has reported net profit after tax of Rs 143.23 Crore in latest quarter.

The company’s top management includes Mr.Ajoy Misra, Mr.Bharat Puri, Mr.Harish Bhat, Mr.L Krishnakumar, Mr.N Chandrasekaran, Mr.S Santhanakrishnan, Mr.Siraj Azmat Chaudhry, Mrs.Shikha Sharma. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 631,129,729 shares outstanding.
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