Tuesday, 18 August 2015

Coffee stocks in focus

Tata Coffee, Tata Global and CCL Products have rallied 2-9 percent on the BSE.


Shares of coffee makers are in limelight today on hopes of 100 percent FDI in the sector.

According to a media reports, the government may allow foreign direct investment (FDI) in rubber and coffee plantation sectors with an aim to attract more FDI into the country.

Tata Coffee has zoomed to a high at Rs. 107 and is now up 8.8 percent to Rs. 104. CCL Products has rallied almost 6 percent at Rs. 245.

Tata Global Beverage and Bombay Burmah Trading Corporation have spurted over 2.5 percent each at Rs. 135 and Rs. 605.

Meanwhile, the Sensex has surged 117 points at 27,995.

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