April 24, 2019 / 5:29 AM / 2 months ago

BUZZ-India's Tata Global Beverages falls on weak March-qtr results

** Shares of Tata Global Beverages Ltd fall as much as 4.3 pct to 200.65 rupees, their biggest daily pct loss since Feb 11

** Co on Tuesday reported a 61 pct fall in Q4 net profit

** Co also on Tuesday said to buy tea business of Dhunseri Tea & Industries Ltd for 1.01 bln rupees ($14.46 mln)

** Earnings growth was affected by one-off losses from associates, Morgan Stanley said in a note

** Morgan Stanley maintains ‘underweight’ rating and PT of 165 rupees

** Stock has estimated PE of 32.4, well below sector average of 35.09

** Over 5.15 mln shares change hands, compared with 30-day avg of 2.26 mln shares ($1 = 69.8360 Indian rupees)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below