Buy Tata Global Beverage; target Rs 250: Rajesh Agarwal

Rajesh Agarwal of Eastern Financiers advises buying Tata Global Beverages with a target of Rs 250.

Rajesh Agarwal of Eastern Financiers told CNBC-TV18, " Tata Global Beverage is a kind of story which one needs to hold for at least 18-24 months to get reasonable returns because as we all know that the company has got good brands under its pocket not only in India but internationally also they are holding very good brands, their tie-up with Pepsi, Starbucks is going to add to the bottomline in a very big way but these things would require some time."

"The debt has been reduced to considerable levels in the last one year or so. It is one stock which one should have in ones portfolio for a longer term horizon and we would recommend a buy in this stock with a price target of Rs 250," he added.

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