{"id":59501,"date":"2022-08-19T13:35:00","date_gmt":"2022-08-19T08:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=59501"},"modified":"2022-08-19T13:30:18","modified_gmt":"2022-08-19T08:00:18","slug":"tata-group-stock-jumps-5-and-reaches-an-all-time-high-analysts-expect-more-upside","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-jumps-5-and-reaches-an-all-time-high-analysts-expect-more-upside\/","title":{"rendered":"Tata Group stock jumps 5% and reaches an all time high; Analysts expect more upside"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-378342712\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Tata Chemicals surged 5.71% on Friday\u2019s early trades to reach a fresh all-time high of \u20b91182.40 apiece on the Bombay Stock Exchange (BSE). The company recently reported strong results for the June quarter.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2152220377\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Tata Chemicals posted overall revenue at \u20b9 3995 crores in Q1FY23, up 34% year-on-year, led by strong performance across all geographies.EBITDA grew 68.8% YoY to Rs. 1,015cr and EBITDA margin improved 521bps YoY to 25.4%, driven by operating leverage, further, its PAT jumped 87.2% YoY to \u20b9 641 crores.<\/p><p>\u201cWe continue our long-term focus on excellence by leveraging digitalization and sustainability. In addition to operational excellence, we continue to focus on executing growth CAPEX,\u201d R. Mukundan, Managing Director &amp; CEO, Tata Chemicals Ltd., said while commenting about the company\u2019s earnings.<\/p><p><strong>Geojit reiterated its buy rating on the shares of Tata Chemicals with a\u00a0 target price of \u20b9 1,340 in its research report dated August 12, 2022. The shares are currently trading at \u20b9 1135.75 apiece, which translates to an upside of 17.98%.<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-4024818368\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The brokerage said that Tata Chemicals is the world\u2019s third largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. Further, it has a strong focus on consumer, Agri and speciality businesses.\u00a0 The demand for soda ash and bicarb is likely to continue in the short to medium term, along with supply tightness. It expects that revised pricing, increasing volumes and strong demand across products are likely to boost its topline and support margins.<\/p><p>Tata Chemicals is an Indian company that has an interest in chemicals, crop protection and speciality chemical products. The company has successfully evolved over the years starting from industrial salt and soda ash to a wide range of science-based products.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" id=\"h-written-by-simran-bafna\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2190932421\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Tata Chemicals surged 5.71% on Friday\u2019s early trades to reach a fresh all-time high of \u20b91182.40 apiece on the Bombay Stock Exchange (BSE). The company recently reported strong results for the June quarter.&nbsp; Tata Chemicals posted overall revenue at \u20b9 3995 crores in Q1FY23, up 34% year-on-year, led by strong performance across [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2660,3153,3157,3158,4628,4773,4774,2363,3102,3679,3103,3678,4141,2822],"class_list":["post-59501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-stock","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-tata-chemicals","tag-tata-chemicals-share-price","tag-tata-chemicals-share-price-target","tag-tata-group","tag-tata-group-multibagger-stock","tag-tata-group-multibagger-stocks","tag-tata-group-stock","tag-tata-group-stocks","tag-tata-group-stocks-returns","tag-tata-groups"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Group stock jumps 5% and reaches an all time high; Analysts expect more upside - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/tata-group-stock-jumps-5-and-reaches-an-all-time-high-analysts-expect-more-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tata Group stock jumps 5% and reaches an all time high; Analysts expect more upside\" \/>\n<meta property=\"og:description\" content=\"The shares of Tata Chemicals surged 5.71% on Friday\u2019s early trades to reach a fresh all-time high of \u20b91182.40 apiece on the Bombay Stock Exchange (BSE). 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