Sell Tata Global Beverages, target Rs 210.0 : Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Tata Global Beverages Ltd. with a target price of Rs 210. The current market price of Tata Global Beverages Ltd. is Rs 223.9. Time period given by the analyst is Intra Day when Tata Global Beverages Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 231. Tata Global Beverages Ltd., incorporated in 1962, is a midcap company with a market cap of Rs 14130.99 crore.

Tata Global Beverages Ltd. key Products/Revenue Segments include Tea which contributed Rs 3131.03 Crore to Sales Value (97.31 % of Total Sales), Other Operating Revenue which contributed Rs 73.02 Crore to Sales Value (2.26 % of Total Sales), Export Incentives which contributed Rs 12.62 Crore to Sales Value (0.39 % of Total Sales), Sale of services which contributed Rs .65 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 1802.59 Crore, up 6.76 % from last quarter Sales of Rs 1688.40 Crore and up 5.76 % from last year same quarter Sales of Rs 1704.42 Crore Company has reported net profit after tax of Rs 133.60 Crore in latest quarter. The company’s top management includes Mr.Ajoy Misra, Mr.Harish Bhat, Mr.L Krishnakumar, Mr.N Chandrasekaran, Mr.S Santhanakrishnan, Mr.Siraj Azmat Chaudhry, Mr.V Leeladhar, Mrs.Mallika Srinivasan, Mrs.Ranjana Kumar. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-06-2018, the company has a total of 631,129,729 shares outstanding.