open demat account

The shares of Tata Chemicals opened on a bullish note at Rs 999.95, then gained further ground to touch Rs 1,043, registering a jump of 8.96 per cent over its previous close. In the past month, the stock has gained more than 24%. From the beginning of 2022, the stock has been volatile and has added 14% YTD. 

The recent rally can be attributed to the stellar results published by the company. In Q1FY23, the company reported a 34.15 per cent jump in its revenue to Rs 3,995 crore compared to Rs 2,978 crore in the same period of last fiscal. 

Espresso in content banner September 2022

In the quarter under review, its net profit jumped by 86.25 per cent and stood at Rs 637 crores up from Rs 342 crore which it earned in the corresponding quarter of the previous fiscal. 

“The company will continue to focus on operational excellence and executing growth CAPEX, he added. The company has committed an investment of ₹1,800 crores till June and plans to invest ₹1,100 crores to complete the first phase of expansion by March 2024,” said R Mukundan, MD of Tata Chemicals. 

5paisa Basket Order

Tata Chemicals Limited, part of the Tata group is an Indian global company with interests in chemicals, crop protection, and specialty chemical products. It is one of the largest chemical companies in India with operations in India, Europe, North America, and Africa. 

Written by – Anoushka Roy


FinGrad In-content Banner

The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact news@tradebrains.in

Start Your Financial Learning Journey

Want to learn Stock Market and other Financial Products? Make sure to check out, FinGrad, the learning initiative by Trade Brains. Click here to Register today to Start your 3-Day FREE Trail. And do not miss out on the Introductory Offer!!