Our Target Achieved in Tata Global Beverages Recommended on 29th June, 2013 Long Back

We had recommended our readers and investors to buy Tata Global Beverages in our post on 29th June, 2013 for a target of Rs. 149 which touched a high of Rs. 159.7 on 31st July, 2013. Also the stock is performing very nicely on both the indices currently. Long term investors can wait and watch for more gain since the company is technically strong and is one of the Shariah Compliant stock in Indian stock market. So keep visiting and happy investing.

And HAPPY EID to all our Readers.

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