Motilal Oswal analysts says there are short-term challenges in the soda ash demand due to new capacities from China but the situation is expected to balance out in the medium term
Shares of Tata Chemicals Ltd are in focus after the stock turned ex-dividend today. Tata Chemicals has declared a dividend of Rs 17.50 per share i.e. 175% for the financial year 2022-23 subject to the approval of the shareholders at the AGM. Tata Chemicals stock fell 4.3% to Rs 957.35 against the close of Rs 1,000.35 in the previous trading session on BSE. The stock of Tata Chemicals has fallen after two sessions of gains.
Tata Chemicals Q4 result: Consolidated revenue from operations grew 26.6 percent to Rs 4,407 crore over the year-ago period, with the basic chemistry products segment growing 32 percent.
Kotak sees this development as an incremental negative for soda ash prices going ahead. It highlighted that uncertainties remain around the demand and supply of soda ash.