Buy Tata Coffee, target price Rs 198: Yes Securities

Yes Securities has buy call on Tata Coffee with a target price of Rs 198. The current market price of Tata Coffee Ltd. is Rs 183.25. Time period given by analyst is Intra Day when Tata Coffee Ltd. price can reach defined target.

Tata Coffee Ltd., incorporated in the year 1943, is a Small Cap company (having a market cap of Rs 3424.43 Crore) operating in Tea / Coffee sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 612.06 Crore, up 13.73 % from last quarter Total Income of Rs 538.19 Crore and up 16.93 % from last year same quarter Total Income of Rs 523.46 Crore. Company reported net profit after tax of Rs 57.37 Crore in latest quarter.


Investment Rationale
With a sustained move above important averages, the stock is bouncing off its support zone.