Buy Tata Global Beverages, price target Rs 416: Chandan Taparia

INSUBCONTINENT EXCLUSIVE:
Chandan Taparia of Motilal Oswal Securities has a buy call on Tata Global Beverages Ltd
with a target price of Rs 416.0
The current price of Tata Global Beverages Ltd
is Rs 396.45
Chandan Taparia recommended to keep a stoploss at Rs 386
Tata Global Beverages Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 25021.14 Crore) operating in
FMCG sector
Tata Global Beverages Ltd
key Products/Revenue Segments include Tea which contributed Rs 3331.70 Crore to Sales Value (97.14 % of Total Sales), Other Operating
Revenue which contributed Rs 80.56 Crore to Sales Value (2.34 % of Total Sales), Export Incentives which contributed Rs 17.39 Crore to Sales
Value (0.50 % of Total Sales), Sale of services which contributed Rs .01 Crore to Sales Value (0.00 % of Total Sales)for the year ending
31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1834.06 Crore, down -3.32 % from last quarter Sales
of Rs 1897.13 Crore and up 4.16 % from last year same quarter Sales of Rs 1760.87 Crore Company has reported net profit after tax of Rs
143.23 Crore in latest quarter
Santhanakrishnan, Mr.Siraj Azmat Chaudhry, Mrs.Shikha Sharma
Company has Deloitte Haskins - Sells LLP as its auditors As on 31-12-2019, the company has a total of 631,129,729 shares outstanding.