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Why Tata Chemicals stock zoomed 11% today

Shares of Tata Chemicals zoomed over 11 per cent today after the Tata Group firm announced a multifold rise in net profit for the quarter ended March 2022. Tata Chemicals' profit after tax stood at Rs 470.24 crore for the quarter ended March 2022 against Rs 29.26 crore in the year-ago period. Subsequently, the stock rose 11.37 per cent to Rs 1047.75 against the previous close of Rs 940.75 on BSE. The stock has gained after two days of consecutive fall. The stock opened 2.29 per cent higher at Rs 962.30 against the previous close of Rs 940.75 on BSE.

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