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Tata Global Beverages drops ex-dividend

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Capital Market
Last Updated : Jun 27 2013 | 11:30 AM IST

Meanwhile, the S&P BSE Sensex was up 182.04 points or 0.98% at 18,734.16.

On BSE, 1.75 lakh shares were traded in the counter as against average daily volume of 3.70 lakh shares in the past one quarter.

The stock hit a high of Rs 134.55 and a low of Rs 129.75 so far during the day. The stock had hit a record high of Rs 181.70 on 15 November 2012. The stock had hit a 52-week low of Rs 109.55 on 26 June 2012.

The stock had underperformed the market over the past one month till 26 June 2013, sliding 5.86% as compared to the Sensex's 5.85% fall. The stock had, however, outperformed the market in the past one quarter, jumping 7.98% as compared to the Sensex's 0.81% fall.

The mid-cap company has equity capital of Rs 61.84 crore. Face value per share is Re 1.

Before turning ex-dividend, the stock offered a dividend yield of 1.61% based on the closing price of Rs 133.35 on Wednesday, 26 June 2013.

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Tata Global Beverages' consolidated net profit jumped 76.6% to Rs 95.76 crore on 5% growth in net sales to Rs 1810.89 crore in Q4 March 2013 over Q4 March 2012.

Tata Global Beverages is into global beverage business. The company's brands have presence in over 40 countries. It has significant interests in tea, coffee and water and is the world's second largest tea company.

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First Published: Jun 27 2013 | 10:56 AM IST

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