Pick of the Week: TATAGLOBAL enter cmp tgt 140 sl 106

1. Tata Global Beverages Ltd.
 Tata Global Beverages Limited (formerly Tata Tea Limited) is an Indian multinational non-alcoholic Beverages Company
headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. Tata Global Beverages manufactures 70
million kilograms of tea in India, controls 54 tea estates, ten tea blending and packaging factories and employs around 59,000
people.[11] The company owns 51 tea estates in India and Sri Lanka, especially in Assam, West Bengal in eastern India and
Kerala in the south. The company is the largest manufacturer of Assam tea and Darjeeling tea and the second-largest
manufacturer of Ceylon tea.
 Set up in 1964 as a joint venture with UK based James Finlay and Company to develop value-added tea, Tata Global Beverages
has now product and brand presence in 50 countries. It is one of India's first multinational companies. The operations of Tata
Global Beverages and its subsidiaries focus on branded product offerings in tea, but with a significant presence in plantation
activity in India and Sri Lanka.
 The consolidated worldwide branded tea business of Tata Global Beverages contributes to around 86 per cent of its
consolidated turnover with the remaining 14 per cent coming from bulk tea, coffee and investment income. With an area of
approx 159 km² under tea cultivation, Tata Global Beverages produces around 30 million kg of black tea annually.
 Tata Global Beverages owns five brands in India: Tata Tea, Tetley, Kanan Devan, Chakra Gold, and Gemini. The company has a
100% export-oriented unit (KOSHER and HACCP certified) manufacturing instant tea in Munnar, Kerala, which is the largest
such facility outside the United States. Tata Global Beverages has subsidiaries in Australia, Great Britain, United States, Czech
Republic and India.
 Technical Outlook
 On daily term, the stock has shown confident move with the breakout of its range bound move in which it had been playing
its stable inning for more than thirteen days during falling market.
 Moving average parameters also suggests some out of the boundary move as it has been trading above 21 day moving
average which is placed at 109 level.
 Looking at the Weekly chart, stock has found cushion at 100 level, showing that stock might play its stroke from the current
pitch for the level of 130 and counting on, as we have witnessed the same inning in past as well from the same field.
 Stock found good moral support somewhere around 95-100 level which is 61.80% Fibonacci retracement level of its previous
tone from 43 level to 181 level, even witnessing drop out by the market during this recent fall which indicates that stock could
play its fabulous game in few trading session.
 A momentum indicator RSI reading is at 50.35 level with positive crossover. Apart from this, whenever RSI fell below its 30
level in past, it showed gradual upside move thereafter. So at this level, we are expecting the same game from the present
level.
Company TATAGLOBAL
Recommendation Buy
Sector : Tea/Coffee
CMP : 113 & Upto 110
Price Potential : 130
Stop Loss (Closing Basis): 106
Mkt Cap (Rs. Cr.): 7,141
TTM EPS (Rs.) 4.28
TTM Sales (Rs. Cr.) 2,965
BVPS (Rs.) 42.96
Reserves (Rs. Cr.) 2,648
P/BV 2.63
PE 26.45
Bloomberg Code : TGBL:IN
Reuters Code : TAGL.NS
TW = Twelve Months
TTM= Trailing 12 months
SEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Pick of the Week: Tata Global Beverages Ltd.
05th March, 2016
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2. Pick of the Week: Tata Global Beverages Ltd.
05th March, 2016
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual FundsSEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
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Date: 2016.03.05 16:13:13 +05'30'