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Saturday, June 29, 2013

Tata Global Beverages Ltd – BUY CMP Rs129, Target Rs149, Upside 15.4%

Tata Global Beverages Ltd – BUY
CMP Rs129, Target Rs149, Upside 15.4%
  • Correction in Kenyan tea prices augurs well for TGBL
  • Rupee depreciation of ~6% yoy to drive revenues
  • New business initiatives to further drive growth
  • Recent price correction provides a good entry point; BUY