Financial Daily
from THE HINDU group of publications
Thursday, September 07, 2000
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Financial Daily from THE HINDU group of publications Thursday, September 07, 2000 |
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Tata Tea: In search of acquisition gains
THE indications provided by the top management of Tata Tea to the effect that the Tetley brand would also be leveraged to export products other than tea may not have any near-term influence on the stock price.
The company plans to export packet teas as well as other products. But the benefits may flow only in the long term and the company has also indicated a three to four-year time-frame. This, coupled with the sluggish scenario in the tea industry, may lead
to flat price trends in the stock. -- BL Research Bureau
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