Tata Global Beverages rose over 2 percent to hit a fresh 52-week high on the BSE on Wednesday on media reports which said that the company decided to sell its stake in various Tata group listed companies to its parent, Tata Sons, in the next few months.
The restricting is a welcome step if it happens as restructuring could be a big trigger for Tata Global Beverages, Porinju Veliyath, founder, and CEO of Equity Intelligence India said in an interview with CNBC-TV18.
I am very bullish on the branded consumer business of Tata Group and hold Tata Global Beverages and Tata Coffee for a long time in my personal portfolio, he said.
Tata Global Beverages owns close to Rs 755 crore worth of stake in other Tata group firms, especiall…
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