Friday, January 17, 2014

Tata Global Beverages Limited : Fair value 30 to 50

Dear Mahesh Kaushik jee, Namaskar, Please let me know your valuable suggestion for Tata Global brev. Thanks in advance ask by Manoj ji 
1.Tata Global Beverages Limited is a 1 rupee face value tea and coffee stock currently traded at 146.50 
2. Year high of Tata Global Beverages Limited is 170.20 and Year low 122 stock traded at 146.50 so this situation is normal. 
3. Promoter holding is 35.10 % and they slightly reduce their holding from 35.20 % , I dislike reducing in promoter holding even if it is ignoble low. 
4. FII Holding in Tata Global Beverages Limited is 21.23 % and FII increase it from 17.85 % , this is good.
5. Tata Global Beverages Limited is a dividend paying stock which give 2 to2.15 rupee per share dividend every year. 
6. In base of above 5 point i am not reaching on any clear decision so now i check net revenue per share ( NRS ) for making a decision about my view. 
7. Net revenue per share of Tata Global Beverages Limited is near 37-38 per share so i think currant market price 146 is very high in respect of 37 rupee net earning per share and i think fair market value for this stock is 30 to 50 
8. New reader who not believe this please read my earlier view about SKS Micro-finance ltd here 
http://sharegenius.blogspot.in/2010/10/can-sks-microfinance-touch-2000-level.html
9. So my view is negative for Tata Global Beverages Limited and i have no any share of Tata Global Beverages Limited.

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