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Tata Coffee bounces back on bargain hunting

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Capital Market
Last Updated : Jun 14 2013 | 12:30 PM IST

Meanwhile, the S&P BSE Sensex was up 213.10 points or 1.12% at 19,038.59.

On BSE, 1.95 lakh shares were traded in the counter as against average daily volume of 38,891 shares in the past one quarter.

The stock hit a high of Rs 1,114.90 and a low of Rs 1,058 so far during the day. The stock had hit a record high of Rs 1,675 on 8 May 2013. The stock had hit a 52-week low of Rs 865.60 on 18 June 2012.

The stock underperformed the market over the past one month till 13 June 2013, sliding 37.12% compared with the Sensex's 4.39% fall. The scrip had also underperformed the market in past one quarter, declining 33.59% as against Sensex's 2.77% fall.

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

Shares of Tata Coffee have declined 29.5% in five trading days to Rs 1,029.45 on 13 June 2013 from a recent high of Rs 1,460.20 on 6 June 2013.

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Many bulk deals were executed on Tata Coffee counter on BSE and NSE on Thursday, 13 June 2013. On BSE, Kotak Mahindra Prime sold 3 lakh shares at Rs 880.25 per share. Reliance Mutual Fund bought 1 lakh shares at Rs 880.25. Sharad Kantilal Shah sold 1.08 lakh shares.

On NSE, APT Portfolio bought 1.52 lakh shares at Rs 1,029.65 per share and sold similar quantity of shares at Rs 1,030.25 per share. Crosseas Capital Services bought 1.31 lakh shares at Rs 1,033.38 per share and sold almost similar quantity at Rs 1,031.45 per share. Kotak Mahindra Prime sold 5.05 lakh shares at Rs 881.17 per share. Reliance Regular Saving Fund under equity option scheme bought 2 lakh shares at Rs 880.50 per share.

Tata Coffee's consolidated net profit fell 12.5% to Rs 25.22 crore on 0.1% decline in net sales to Rs 374.45 crore in Q4 March 2013 over Q4 March 2012.

Tata Coffee is an integrated coffee plantation company. 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.

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First Published: Jun 14 2013 | 11:34 AM IST

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