Anil Singhvi recommends Tata Coffee as his short-term trading pick today; know the reason why

Zee Business Managing Editor Anil Singhvi recommends buying Tata Coffee stock. Stocks that are related to coffee are seeing good traction on the upside and Tata Coffee will benefit from here on, says Singhvi. He said that coffee prices have gone up by 94% in Brazil and 30% globally in the last 1 month. Singhvi said that apart from Sugar and Tea, Coffee prices have also risen extremely sharply.

Singhvi said Brazil and Colombia are two places where there is high production of coffee and prices of coffee have risen by 94% there. In India, Tata Coffee does plantation and trading for Coffee while CCL Products is into production.

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Singhvi said Tata Coffee should be bought with a stop-loss of Rs 142 and a target of Rs 155 and Rs 159. He said that CCL Products can also see good moves from current levels.

Tata Coffee करेगा मूड फ्रेश, कराएगा मुनाफा...

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Himanshu Gupta, Market Expert said that the set up on charts is extremely good and breakout on the stock price above Rs 140. The stock should be bought on all dips towards Rs 148 – Rs 150, with stop-loss below Rs 140 and target price of Rs 170.