Tata Global jumps 7% post robust Q2

Tata Global jumps 7% post robust Q2

16/11/2016 11:48

Shares of Tata Global Beverages jumped 7 per cent on the Bombay Stock Exchange after the Tata group company reported 60 per cent year growth in consolidated net profit at Rs 140 crore for the second quarter ended September 30, 2016, compared to Rs 87 crore in the same quarter last year.

Boosted by Q2 earnings, shares of company gained as much as 7 per cent in intra-day to hit intraday high of Rs 125.25 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company were up 4.79 per cent to trade at Rs 122.60 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 26,493.62, up 188.99 points, or 0.72 per cent, at 12:00 hours.

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