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Tata Coffee advances ahead of board meeting to consider stock split

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Capital Market
Last Updated : Nov 25 2014 | 1:00 PM IST

Tata Coffee rose 1.73% to Rs 988 at 10:19 IST on BSE ahead of board meeting today, 25 November 2014 to consider stock split.

Meanwhile, the S&P BSE Sensex was down 42.61 points or 0.15% at 28,456.93.

On BSE, so far 30,000 shares were traded in the counter as against average daily volume of 28,047 shares in the past one quarter.

The stock hit a high of Rs 1,009 and a low of Rs 975 so far during the day. The stock had hit a 52-week high of Rs 1,090 on 10 January 2014. The stock had hit a 52-week low of Rs 869.90 on 18 February 2014.

The stock had underperformed the market over the past one month till 24 November 2014, advancing 4.28% compared with Sensex's 6.14% rise. The scrip had also underperformed the market in past one quarter, surging 6.53% as against Sensex's 7.87% rise.

The small-cap company has equity capital of Rs 18.68 crore. Face value per share is Rs 10.

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On consolidated basis, Tata Coffee's net profit surged 351.2% to Rs 32.36 crore on 11% decline in net sales to Rs 405.53 crore in Q2 September 2014 over Q2 September 2013.

Tata Coffee is Asia's largest coffee plantation company and the 3rd largest exporter of instant coffee in the country.

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First Published: Nov 25 2014 | 10:15 AM IST

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