Tata Starbucks has completed a year in India and launched its first store in Pune, its 25th in the country. However, the number is half the target the company had set out with.
It had launched its first store in Mumbai in October 2012.
Declining to comment on the target set for the company’s first year or for the coming year, Tata Starbucks CEO Avani Davda said the company is privately held and not bound to share business details or numbers.
Without mentioning a date, Davda said the next store will come up in Bangalore.
As part of its first anniversary, Tata Starbucks also launched a new coffee, labelled India Estates Blend, which is specially sourced, roasted and packaged domestically.
The blend is sourced from Tata Coffee’s arabica coffee plantations in Coorg and Chickmagalur regions of Karnataka and will currently be sold in India only, the company said.
look at the technical chart of “TATA COFFEE”
as per the chart we can see that “TATA COFFEE” has given a big fall in recent past on chart, and after this fall it has done enough consolidation for past 5 months.
as per the trendlines we can see that it has almost made “ASCENDING TRIANGLE” on chart, and if able to close above 1160 level then we can see good breakout till 1350-1450
even if we look at the RSI we can see that, it has taken the support on trendline, and presently rsi is creating divergence on chart.
so as per basic technical chart study we can say that if price able to give close above 1160 level for 2 trading session then with 1000 support level we can see 1400-1600 range coming in stock price.