Rs 17.50/Share Dividend: Tata Mid Cap To Consider Dividend On April 29, LIC Stake 9.88%

Mid cap Tata Group company, Tata Chemicals will hold its meeting of Board of Directors on April 29, 2024 to consider financial results and recommend dividend if any for the year ended March 31, 2024. Last trading price of Tata Chemicals share on BSE is Rs 1103.35 per share as on April 19, 2024. Tata Chemicals has a market capitalisation of Rs 28,108.53 crore. Tata Chemicals Ltd share offered return of 18% in last 1-year and 331% in last 5-years.

Tata Chemicals shares gave maximum 812% return in last 10-years. Life Insurance Corporation Of India (LIC) has 9.88% stake in Tata Chemicals with 25,163,816 shares. Check more details below:

Tata Chemicals To Consider Dividend: As per the regulatory filing of the company dated April 19, 2024, "the meeting of the Board of Directors of the Company is scheduled on 29/04/2024 ,inter alia, to consider and approve i) Audited Consolidated and Standalone Financial Results of the Company for the quarter and financial year ended March 31, 2024; and ii) Recommendation of dividend, if any, for the year ended March 31, 2024, for the approval of the shareholders at the ensuing 85th Annual General Meeting of the Company."

Tata Chemicals Dividend History: Tata Chemicals announced 27 dividends since June 14, 2001. In last 12 months, Tata Chemicals announced an equity dividend amounting to Rs 17.50 per share. At the current share price of Rs 1103.35, Tata Chemicals offers dividend yield of 1.59%.

How To Be Eligible For Tata Chemical Dividend? Record date plays a key role in fixing the eligibility of shareholders for the dividend. Traders whose name reflect in company's shareholders record as on the record date will become eligible to earn dividend announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. In the case of ABB India, record date is May 4, 2024.

Should Buy Tata Chemicals Shares? According to VLA Ambala, "we can expect target ranging from Rs 1500 to 21,00 in the next one month to max 24 months. Use any dip up to 1000 for averaging. It is a quality stock and view should be mid-term to long run. Now, if your view is only for swing trading (short term then use trailing at 1110) and can do averaging up to 1160."

VLA Ambala said Tata Chemicals is a significant player in soda ash and sodium bicarbonate manufacturing. Tata Chemical share is currently positioned as a strong investment opportunity. With a discounted PE of 16.43, lower than its sector's PE of 25.35, Tata Chemicals offers attractive valuation. Investors taking part in this upward trend have been advised to implement trailing strategies to capitalize amid the ongoing surge as there is robust potential for more upward movement.

Tata Chemicals Share Performance: The 52-week high price of Tata Chemicals share on BSE is Rs 1349.70 per share (as on 07/03/2024) and 52-week low price is Rs 927.25 per share (as on 20/04/2023), respectively. Tata Chemicals has a market cap of Rs 28,108.53 crore. Tata Chemicals shares soared over 13% in last 2-years, soared 51% in last 3-years, and gave return of 331% in last 5-years. In last 10-years, Tata Chemicals stock soared 813%.

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: The stock has been picked from the brokerage report of VLA Ambala. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.