Is Tata Chemicals going to be the next jewel in Tata crown?
The management of Tata Chemicals has plans to spend Rs 2,400 crore in expansion, of which Rs 800 crore has been already spent.
Synopsis
Tata Chemicals has staged a sharp rally off the recent lows. The stock is expected to touch Rs 620 in the short term, according to technical analysts.
MUMBAI: Here’s the next jewel in the famed Tata crown. With expansion plans that include lithium-ion cells for electric vehicles (EV), chemicals, nutritionals and agri-sciences, Tata Chemicals could well be the next Titan Industries – a multibagger idea from the storied conglomerate.