Tata Group Chemicals Stock Spurts 25% In 1-Week, 10.99% Today On Latest Update

Mid cap Tata Group company, Tata Chemicals Ltd shares scaled fresh 52-week high in trade today on BSE. Tata Chemicals shares gained 10.99% intraday today to settle at Rs 1178.55 apiece. The scrip has already gained 24.72% in last 1-week and today shares touched upper circuit at Rs 1168.00 apiece. Tata Chemicals stock also witnessed spurt in volume by more than 13.04 times. The company has a market capitalisation of Rs 30,024.30 crore. Check details below:

Tata Chemicals Shares Rally After Fitch Revises Outlook: According to the BSE filing of the company dated March 1, 2024, "This is to inform that Fitch Ratings has, on March 1, 2024, affirmed Tata Chemicals Limited's Long Term Foreign Currency Issuer Default Rating (IDR) at BB+ and revised the outlook on the rating to Stable from Positive."

Tata Chemicals Shares Performance & Return: The 52-week high price of Tata Chemicals shares on BSE is Rs 1202.65 apiece and 52-week low price is Rs 922.20 apiece, respectively. Tata Chemicals shares gained 19% in last 1-month, zoomed 17% in last 3-months, and surged 18% in last 1-year. In last 2-years, Tata Chemicals shares rallied 37% and rose 58% in last 3-years. In last 5-years, Tata Chemicals witnessed gain of 376% and 843% in last 10-years.

Tata Chemicals Financials: The company for Q3 financial year 2024 declared a decline of 60% in its net profit to Rs 158 crore year-on-year (YoY) amid lukewarm market demand across key segments and areas, said the company in its BSE filing dated February 5, 2024. The company's revenue for the December 2023 quarter too declined by over 10% to 3,370 crore YoY as against the revenue of 4148 crore an year ago in the corresponding quarter. Its EBITDA fell 41.2% YoY to Rs 542 crore for the quarter under consideration as margins fell to 14.5%.

About: Tata Chemicals is a science-led company with a portfolio that covers basic and specialty chemistry products. The story of the company is about harnessing the fruits of science for goals that go beyond business. The history of Tata Chemicals can be traced to the Okhamandal Salt Works set up in 1927, according to the official website.

Disclaimer:

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