Coffee Day Enterprises Ltd (Rs.57.30): Buy

Coffee Day Enterprises Ltd (Rs.57.50) is engaged in the trading of coffee beans. The company owns and operates a resort and renders consultancy services. It is also engaged in the coffee business which ranges from procuring, processing and roasting coffee beans to retailing coffee to domestic and overseas customers.

Coffee Day Enterprises Ltd has seven subsidiaries:

💢Coffee Day Global, 

💢Tanglin Retail Reality Developments, 

💢Tanglin Developments, 

💢Giri Vidhyuth (India), 

💢Coffee Day Hotels & Resorts, 

💢Coffee Day Trading and 

💢Coffee Day Econ.

As per media reports, Prashant Jain, the former MD and CEO of JSW Energy, has bought a stake in in Coffee Day Enterprises Ltd, through his personal fund Tikri Investments. He picked up 40 lakh shares, translating to 1.89% stake in the company. The shares were bought at Rs.70.94 apiece, which is much higher than the CMP. Photo: Business Today.