Go long in Tata Global Beverage: Siddharth Bhamre

Siddharth Bhamre of Angel Broking recommends going long in Tata Global Beverage as the stock may test Rs 159.

Siddharth Bhamre of Angel Broking told CNBC-TV18, " Tata Global Beverage is something which is looking very attractive. It has been consolidating since nine weeks and we are expecting a upside move over here. Breakout is there and good long positions are added in the stock. So, expect Rs 159 and fix a stoploss of Rs 143 and go long."

The share touched its 52-week high Rs 170.20 and 52-week low Rs 128.95 on 03 November, 2013 and 28 March, 2013, respectively. Currently, it is trading 13.01 percent below its 52-week high and 14.81 percent above its 52-week low. Market capitalisation stands at Rs 9,155.39 crore.

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