Starbucks gives a coffee boost to Tata Global shares

January 31, 2012 11:54

Shares of Tata Global Beverages jumped over 6 per cent in morning trade today after the company signed a deal with US-based coffee chain Starbucks to open cafes in India.

Investors gave a thumbs up to the joint venture and Tata Global scrip climbed 6.17 per cent to touch an early high of Rs 104 on the BSE. Similar trend was seen at the NSE, where the stock rallied 6.17 per cent to Rs 103.95.

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