Tata Coffee lost 6.51% to Rs 124.95 at 10:03 IST on BSE after consolidated net profit dropped 62.54% to Rs 22.40 crore on 10.03% rise in total income to Rs 448.53 crore in Q4 March 2018 over Q4 March 2017.
The result was announced after market hours yesterday, 7 May 2018.Meanwhile, the S&P BSE Sensex was up 67.95 points or 0.19% at 35,276.09.
On the BSE, 85,000 shares were traded on the counter so far as against average daily volumes of 1.25 lakh shares in the past two weeks. The stock had hit a high of Rs 128.90 and a low of Rs 124.10 so far during the day. The stock had hit a record high of Rs 183.45 on 29 November 2017. The stock had hit a 52-week low of Rs 112.20 on 2 April 2018.
The board of directors of Tata Coffee has recommended a dividend of Rs 1.50 per share for the year ended 31 March 2018.
Tata Coffee is a subsidiary of Tata Global Beverages. It is Asia's largest integrated coffee company, the 2nd largest exporter of instant coffee and foremost producer of speciality coffee in India.
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