Tata Coffee stocks rise by 8.73 percent

By SiliconIndia   |   Tuesday, June 28, 2011
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Bangalore: When the markets closed today, Tata Coffee stocks took a leap of 8.73 percent. After opening the day at Rs. 758.80, the stock touched the day's high of Rs. 824.90, before closing the day at Rs. 820.05. The previous close price was Rs. 754.20. Through the day 18.68 million shares were traded in the market with the current P/E ratio of 21.11. The company has recommended a final dividend of Rs. 5.00 per share of Rs. 10 each aggregating to Rs. 933.85 Lakhs (Rs. 93.385 million) for the year ended March 31, 2011. The 52 week stock chart is on the left Tata Coffee operations includes coffee and other produce comprising of growing pepper, tea and other plantation crops and conversion of coffee into value added products such as roast and ground coffee and instant coffee. It is also engaged in the business of curing operations of coffee and trading of items required for coffee plantations. The company operates in four segments: coffee and other produce, tea, estate supplies division and others. During the fiscal year ended March 31, 2010 (fiscal 2010), the company's tea production at Anamallais and the two estates in Karnataka was 7.606 million kilograms. The company's overall coffee production during fiscal 2010 was 9456 million tons. Its Arabica production was 2171 million tons and Robusta was 7285 million tons. The subsidiaries of company include Eight O'Clock Coffee Company and Alliance Coffee.
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