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Tata Group Stock Jumps 12% Today, Net Profit Soars 86% To 637 Cr, Buy?

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Tata Chemicals currently is the world's third largest producer of soda ash with manufacturing facilities in India, United Kingdom, Kenya and the United States. It is also the sixth largest producer of sodium bicarbonate. Tata Chemicals Ltd became a part of the Tata Group in 1939 when then Chairman JRD Tata took it over.

 

Tata Chemicals has evolved over the years, starting from industrial salt and soda ash to a range of science-based products that improve the quality of life of our customers. Today the stock of Tata Chemicals has witnessed a sharp surge of 12% amid healthy Q1 results. Check details below:

1. Tata Chemicals Ltd Stock Outlook

1. Tata Chemicals Ltd Stock Outlook

Today the stock of Tata Group has gained 11.89% till 3:32 pm. The current market price of Tata Chemicals is Rs 1071 apiece. The stock's 52-week high is Rs 1158 and 52-week low is Rs 773 apiece, respectively. The market capitalization of the stock is Rs 27,284.40 crore. The stock has given a return of 28% in just 1 month, 89% in 3 years, and 86% in 5 years.

2. Tata Chemicals Ltd Q1 Result
 

2. Tata Chemicals Ltd Q1 Result

The sharp spike in Tata Group stock has come amid healthy Q1 net profit. According to a PTI report, Tata Chemicals on Tuesday declared a surge of 86% in its consolidated net profit at Rs 637 crore during the quarter ending June. The company's net profit stood at Rs 342 crore in the corresponding quarter of the previous fiscal, Tata Chemicals said in a regulatory filing. Revenue from operations of the company surged by 34% during the quarter under review at Rs 3,995 crore compared to Rs 2,978 crore in the same period of last fiscal.

3. Tata Chemicals Ltd Strengths And Weaknesses

3. Tata Chemicals Ltd Strengths And Weaknesses

According to ICICI Direct, investors can invest in the stock and buy it for a target price of Rs 1085 apiece and it will reach the said price target in a duration of 3 months. According to ICICI Direct, the strengths of Tata Chemicals are: (1) Company with high TTM EPS Growth, (2) Strong Annual EPS Growth, and (3) Strong QoQ EPS Growth in recent results.
The weakness of the stock is that it falls in the list of companies with growing costs YoY for long term projects.

4. Tata Chemicals Ltd Dividend History

4. Tata Chemicals Ltd Dividend History

The company has maintained a good dividend history and regularly declared dividend in the last 5 years. The company declared an equity dividend of 125% or Rs 12.5 per share for the year ending March 2022. It has a dividend yield of 1.16.

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