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Shares of Tata Coffee will start trading in the range of ₹100-110 on Friday, due to the stock turning ex-date post-stock split. Tata Coffee proposes to split the face value of the stock from ₹10 to 10 shares of ₹1 each. Tata Coffee had reported a consolidated net profit at ₹49.17 crore for the second quarter ended September 30, on account of better performance by the company’s US subsidiary. During the comparable quarter previous fiscal, it reported a loss of ₹30 crore.
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