Wednesday 14 January 2015

Tata Coffee soars after fixing record date for stock split

Tata Coffee continues to trade on a gung-ho note on the BSE, after the company fixed 27 January 2015 as the record date for the proposed stock split.

The company board has decided to sub-divide equity shares from the face value of Rs. 10/-per share to Re. 1/- per share.

So far, the stock has jumped to a high of Rs. 980, and is now up 2.63 per cent at Rs. 975 on the BSE. 

The counter has seen trades of around 16,000 shares, as against the two-week daily average volume of 12,000 shares on the BSE.

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