Tata Coffee

Dear All,
Tata coffee has come up with a rights offer.It is currently on a run thereby registering new highs in this volatile market.It is also increasing its international presence with big acquisitions and getting on a strong foothold and making a good base for itself in international markets which it shall be able to exploit in future.With more and more people getting hoooked on to the coffee bandwagon in India also and new coffee outlets also opening up in upmarkets with every passing day,this should help the company in incresing its profits and order book.
Currently,the stock has run up quite a lot from its 270 levels touching a high of 417 and its CMP is at 368 on the back of oversees acquisitions report.It should be accumulated at around 330 level and this will surely give great returns in the long term.
Cheers