Tata Coffee rose 10.36% to Rs 127.25 at 9:54 IST on BSE after consolidated net profit surged 135.57% to Rs 64.10 crore on 21.13% growth in total income from operations to Rs 426.15 crore in Q1 June 2016 over Q1 June 2015.
The result was announced on Saturday, 6 August 2016.Meanwhile, the BSE Sensex was up 118.49 points, or 0.42%, to 28,196.84.
On BSE, so far 5.73 lakh shares were traded in the counter, compared with average daily volume of 2.58 lakh shares in the past one quarter. The stock hit a high of Rs 131.50 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 124.15 so far during the day. The stock hit a 52-week low of Rs 81.70 on 17 February 2016. The stock had underperformed the market over the past 30 days till 5 August 2016, rising 0.22% compared with 3.22% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 28.25% as against Sensex's 11.30% rise.
The small-cap company has an equity capital of Rs 18.68 crore. Face value per share is Re 1.
Tata Coffee is the largest integrated coffee plantation company in the world. The company 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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