TATA COFFEE Plunges by 10%; BSE 500 Index Down 9.3%
March 23, 2020 10:02 AM

TATA COFFEE share price has plunged 10% and is presently trading at Rs 57.

Meanwhile, the BSE 500 Index is at 10,631 (down 9.3%).

Among the top losers in the BSE 500 Index today are TATA COFFEE (down 10.3%) and SHREE CEMENT (down 13.7%).

CERA SANITARY (up 14.6%) and IPCA LABS (up 9.1%) are among the top gainers today.

Over the last one year, TATA COFFEE has moved down from Rs 94 to Rs 57, registering a loss of Rs 38 (down 39.8%)..

The BSE 500 has moved down from 15,137 to 10,631, loss of 4,506 points (down 29.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 273.5%), ABBOTT INDIA (up 85.2%) and IPCA LABS (up 60.1%).

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 9.8%).

In the meantime, NSE Nifty is at 8,159 (down 9.6%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.69%).

TATA COFFEE Financial Update...

TATA COFFEE net profit stood at Rs 420 million for the quarter ended December 2019, compared to a profit of Rs 218 million a year ago. Net Sales rose 7.7% to Rs 5.0 billion during the period as against Rs 4.7 billion in October-December 2018.

For the year ended March 2019, TATA COFFEE reported 51.7% decrease in net profit to Rs 956.0 million compared to net profit of Rs 2.0 billion during FY18.

Revenue of the company grew 15.1% to Rs 18 billion during FY19.

The current Price to earnings ratio of TATA COFFEE, based on rolling 12 month earnings, stands at 0.7x.