Tata Global Beverages Ltd rose for a fifth straight session today. The stock is quoting at Rs 350.65, up 2.72% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.6% on the day, quoting at 12330.65. The Sensex is at 41883.32, up 0.68%. Tata Global Beverages Ltd has added around 8.81% in last one month.

Meanwhile, Nifty FMCG index of which Tata Global Beverages Ltd is a constituent, has added around 2.16% in last one month and is currently quoting at 30370.45, up 1.06% on the day. The volume in the stock stood at 49.69 lakh shares today, compared to the daily average of 32.81 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 350.7, up 2.54% on the day. Tata Global Beverages Ltd is up 64.24% in last one year as compared to a 14.84% gain in NIFTY and a 0.08% gain in the Nifty FMCG index.

The PE of the stock is 60.62 based on TTM earnings ending September 19.

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Tata Global Beverages announced that the National Company Law Tribunal, Mumbai Bench and Kolkata Bench have approved the scheme of arrangement between Tata Global Beverages and Tata Chemicals on 10 January 2020 and 08 January 2020 respectively.

The scheme entails the demerger of the consumer products business from Tata Chemicals and vesting it with the company.

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Tata Global Beverages will hold a meeting of the Board of Directors of the Company on 4 February 2020.

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Tata Global Beverages announced the appointment of Sunil A. D'Souza (DIN 7194259) as Managing Director and Chief Executive Officer of the Company for a period of five years, effective from 04 April 2020.

Ajoy Kumar Misra (DIN: 00050557) is retiring as Managing Director and Chief Executive Officer effective close of business hours of 31 March 2020,

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