Coffee Day brews a frothy cuppa

about 4 months ago
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Coffee Day or CCD is among the top five gainers on the BSE, going up almost 9% to Rs.286, with volumes doubling up.

The stock price is up on expectations that what happened to Costa Coffee could happen to CCD also.

Coca-Cola is acquiring Coca-Cola Costa coffee brand from British firm Whitbread for 3.9 billion pounds ($5.1 billion) in cash.

Café Coffee Day is an Indian café chain owned by Coffee Day Global Limited, a subsidiary of Coffee Day Enterprises Limited. Coffee Day serves 1.8 billion cups of coffee, annually, in six countries.

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