I think sometime around June-July last yr the stock price had collapsed from 1600. At that time the news that was doing rounds was that @ 8-10% of equity was dumped in da mkt as some pledged was invoked by Kotak. The pledge is said to have been created by the bear S K Shah (reliance infra fame)!
The stock has never recovered since then.
Cheers,
HR!
Discl: Holding CCL. Just sharing the news in public domain about Tata Coffee’s share price plunging.