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The BSE-listed Beeyu Overseas stock seems to be looking up from its recent low of Rs 10.75, drawing strength from the belief that the company will in the near future be able to leverage its newly established association with beverages major Tata Coffee.

The stock on Tuesday closed higher at Rs 12.85 on hopes that the marketing joint venture with the Tata company (which is the 51 per cent shareholder in the JV) should open new vistas for the otherwise low-profile Beeyu Overseas.

It has gained about 13.5 per cent during last one week.

Trading volumes, however, remain steady. On Tuesday, only a little more than 17,000 shares were traded on the BSE against the two-week average of 16,400 shares.

Nilanjan Dey

More Stories on : Stocks | Ear to the ground | Coffee

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