Fitch Ratings has revised Tata Chemicals outlook to stable due to oversupply in the global soda ash industry. Weak demand in Europe and industry oversupply are expected to weaken Tata Chemicals profits and credit metrics in FY25. However, margins are expected to improve from FY26 due to a gradual demand recovery, supply tightening, and lower energy cost.
Stocks to buy today: Stock brokerages recently came out with research reports on select stocks namely Hindustan Unilever (HUL), Camlin Fine Science, Havells India and Tata Chemicals. All these four stocks have received ‘Buy’ ratings from individual brokerages. These brokerages see an up to 30% upside on the counters. Find out more about it in this Business Today Visual Story.
Tata Chemicals share price today: Tata Chemicals stock fell 8.92 per cent intraday to Rs 1,033 against the previous close of Rs 1,134.20 on BSE. The market cap of the firm declined to Rs 26,920 crore.
Tata Chemicals share slips over 7% on weak Q4 earnings
Tata Chemicals stock touched an intraday low of Rs 721.85 falling 7.79% against previous close of Rs 782.85 on BSE
BusinessToday.In | May 4, 2021 | Updated 12:14 IST
Tata Chemicals share has lost 7.57% in the last 2 days. The stock opened with a loss of 3.94% today at Rs 752 on BSE
Tata Chemicals share fell over 7% today after the firm reported a 85 per cent fall in consolidated profit after tax in Q4. Tata Chemicals stock touched an intraday low of Rs 721.85 falling 7.79% against previous close of Rs 782.85 on BSE.
The share has lost 7.57% in the last 2 days. The stock opened with a loss of 3.94% today at Rs 752 on BSE.