Tata Chemicals share price: Buy Tata Chemicals, target price Rs 750: Kotak Securities

Kotak Securities has buy call on Tata Chemicals with a target price of Rs 750. The current market price of is Rs 732.15. Time period given by analyst is Intra Day when Tata Chemicals price can reach defined target.

Tata Chemicals Ltd., incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 18539.89 Crore) operating in Chemicals sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2700.72 Crore, up 1.96 % from last quarter Total Income of Rs 2648.78 Crore and up 10.07 % from last year same quarter Total Income of Rs 2453.64 Crore. Company reported net profit after tax of Rs 19.54 Crore in latest quarter.


Investment Rationale
Breakout of the sloping trend line with rising volumes indicating fresh up move in coming session


Promoter/FII Holdings
Promoters held 35.5 per cent stake in the company as of Sept 30, 2020, while FIIs held 9.1 per cent, DIIs 29.2 per cent and public and others 26.3 per cent.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)

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