Tata Global Beverages, leading manufacturer and distributor of tea, climbed on Thursday after global investment firm Deutsche Bank started coverage on the company with a 'buy' rating and a target price of Rs 200.
Shares of the company are trading at Rs 154.50, up Rs 3.85, or 2.56% at the Bombay Stock Exchange (BSE) on Thursday at 1:25 p.m.
The scrip has touched an intra-day high of Rs 154.75 and low of Rs 151.30. The total volume of shares traded at the BSE is 175,514.
In the earlier session, the shares fell 1.7%, or Rs 2.6, at Rs 150.65. Currently, the stock is trading down 9.22% from its 52-week high of Rs 170.20 and above 20.66% over the 52-week low of Rs 128.05.