Tata Global Beverage may test Rs 250: Ashwani Gujral

Sep 26, 2017 04:08 PM IST | Source: CNBC-TV18

Ashwani Gujral of ashwanigujral.com feels that Tata Global Beverage may test Rs 250.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, “In Tata Global Beverage the next target here is about Rs 250. Something has started here, now let us see how well they are able to develop it and deliver, etc.”

“Generally, these tea companies, they start with a band but we have seen others, McLeod Russel, etc. for years, they have been at Rs 150. So next target is Rs 250. Let us see if something big comes through, then maybe Rs 330-350 is also possible.”

Tata Global Beverage ended at Rs 204.70, up Rs 8.05, or 4.09 percent on the BSE.

The share touched its 52-week high Rs 220.25 and 52-week low Rs 121.50 on 19 September, 2017 and 15 November, 2016, respectively.