Tata Global climbs as Deutsche starts coverage with 'buy' rating - The New Indian Express

Tata Global climbs as Deutsche starts coverage with 'buy' rating

Published: 17th April 2014 02:19 PM

Last Updated: 17th April 2014 02:19 PM

Tata Global Beverages, leading manufacturer and distributor of tea, climbed on Thursday after global investment firm Deutsche Bank started coverage on the company with a 'buy' rating and a target price of Rs 200. Shares ofthe companyare trading at Rs 154.50, up Rs 3.85, or 2.56% at the Bombay Stock Exchange (BSE) on Thursday at 1:25 p.m.The scrip has touched an intra-day high of Rs 154.75 and low of Rs 151.30. The total volume of shares traded at the BSE is 175,514.In the earlier session, the shares fell 1.7%, or Rs 2.6, at Rs 150.65. Currently, the stock is trading down 9.22% from its 52-week high of Rs 170.20 and above 20.66% over the 52-week low of Rs 128.05.

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