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Espresso shot of the day – Tata Coffee up by 9.49 percent)

Espresso shot of the day – Tata Coffee up by 9.49 percent

February 26, 2021

TATA COFFEE 129.75 (+9.49 %) BSE – INE493A01027| 26TH FEB 2021

Tracing roots to 1922, Tata Coffee is one of the largest integrated coffee cultivation and processing companies in the world and the largest corporate producer of Indian Origin Pepper. With the utmost emphasis on sustainability and traceability, they produce some of the finest Indian Origin Green Coffee Bean, Instant Coffee, Pepper and Tea. Their 19 estates are spread over nearly 8000 hectares in the lush Western Ghats, flourished with a plethora of flora and fauna. Being one of the leading players in the B2B Instant Coffee industry, their assets include plants at Toopran (Telangana) and Theni (Tamil Nadu). These plants produce Freeze Dried, Agglomerated, Spray Dried Coffees and other coffee mixes. They are also home to some of the finest Indian Origin Pepper, intercropped amongst Coffee in our own estates. Along with these, their tea estates and factories in the Anamallais region also produce certified Orthodox and CTC Teas. Tata Coffee is a part of the Tata Group. Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising over 100 independent operating companies. The Group operates across enterprise and social sectors in 6 continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust'

Recent Drivers

  • Consolidated net profit of Tata Coffee jumped 26.59% to Rs 31.52 crores Q3 December 2020 over Q3 December 2019.
  • Net sales of Tata Coffee increased 6.3% to Rs 532.76 crores in Q3 December 2020 over Q3 December 2019.
  • The rise in income is driven by improved performance from the group's value-added businesses.
  • Current tax expense for the quarter fell 0.3% to Rs 15.14 crore as against Rs 15.18 crores in Q3 December 2019.
  • Tata Starbucks announced that Sushant Dash will join the company as CEO Designate effective April 1, 2021 and take over as CEO on May 1, 2021
(Sources: The Business Line, Business Standard)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 7.85%
  • Traded on new 52- week high 135.55
  • Spurt in volume by more than 6.47 times compares to previous vol. 3 months avg qty – 1,43,590
  • Stock price has jumped more than 100% from one year low level – 48.0 25 March 2020
  • Daily RSI (14) is in overbought territory, RSI central line crossed above central line 2 periods ago
  • 52 -week high – 135.55 | 52- week low- 47.10

Key Pivot (Yearly)

R4

R3

R2

R1

PP/ FIB PP

S1

S2

S3

S4

Pivot Point

-

206.67

163.23

133.97

90.53

61.27

17.83

-

-

Fibonacci Pivot

163.23

135.46

118.30

107.25

90.53

73.81

62.76

45.60

17.83


Today’s Close

129.75

SMA

BSE

10 DAY

111.17

20 DAY

111.10

50 DAY

110.01

200 DAY

100.27


Some Key Ratios (Source: BSE)

Market Cap: 2423.35 crores

PE: 34.26

OPM%: 24.14

ROE%: 6.38

Prev. Close: 118.50

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.