Tata Chemicals Ltd., incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 19704.12 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
The brokerage expects the stock to head towards Rs 830 levels in the coming weeks as it is 138.2% external retracement of early May decline (Rs 797-670) coincided with all-time high of Rs 834.
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.
(Disclaimer: 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.
