Tata Group Stock Gets Buy Call For A Target Price Of Rs 1267, Gains 27% In 1 Month

The mid-cap Tata Group stock, Tata Chemicals Ltd has received buy rating from leading brokerage Nirmal Bang. The stock has a market capitalization of Rs 28,281.77 crore at the time of writing the story. Tata Chemicals Ltd is a company with high TTM EPS growth. Check key takeaways below:

Tata Chemicals Ltd Stock Price

The current market price of the stock is Rs 1110.60 apiece with a gain of 0.98% in trading on Friday, August 27, 2022.

Tata Chemicals Ltd Return In Last 5 Years

The stock has been giving good return since last 5 years. It has given 90% return in 5 years, 99% return in 3 years, 34% return in last 1 year, and 27% return in last 30 days.

Tata Chemicals Ltd 52 Week High/Low

The 52-week high of the stock is Rs 1182 apiece and 52-week low is Rs 773 apiece.

Tata Chemicals Ltd Dividend History

The stock has been maintaining a good dividend history and regularly declared dividend in the last 5 years. It has declared an equity dividend of 125% or Rs 12.5 per share for the year ending March 2022. The stock has a dividend yield of 1.13% at the current market price of Rs 111.60 apiece.

Tata Chemicals Ltd Market capitalization

The market capitalization of the stock is Rs 28,281.77 crore.

Brokerage Firms Bullish On Tata Chemicals

Various brokerage firms remain bullish on Tata Chemicals Stock. 7 analysts have given their ratings to Tata Chemicals out of which 3 analysts have given strong buy call, 2 analysts have given buy call, and 1 analyst has given sell rating. Geojit Financial Services has given buy rating for a target price of Rs 1340 apiece 9 days ago to Tata Chemicals.

Tata Chemicals Ltd Valuation

Leading brokerage Nirmal Bang has given buy call to the stock of Tata Chemicals for a target price of Rs 1267 apiece. According to Nirmal Bang, "tactical momentum in earnings and the long-term bullish outlook for the Soda Ash cycle based on the robust growth in demand of at least 3-4%

Tata Chemicals Ltd About

It offers inorganic chemistry solutions that serve the world's leading downstream brands. Its global value chain includes subsidiaries Tata Chemicals North America, Tata Chemicals Europe, Tata Chemicals Magadi and Tata Chemicals South Africa. Its key products are soda ash, soda bicarbonate, cement, salt, marine chemicals and crushed refined soda.

Disclaimer

The stock has been picked from the brokerage report of Nirmal Bang Securities Pvt Ltd. Greynium Information Technologies, the author, and the 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 decisions.