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Tata Chemicals Stocks skyrocket above 11% on Saturday, March 9 Rally. Why Tata Chemicals Stock Gained 24% In Two Days?

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Tata Chemicals Stocks skyrocket above 11% on Saturday, March 9 Rally.
Tata Chemicals Stocks skyrocket above 11% on Saturday, March 9 Rally.

Tata Chemicals Stocks: Tata Chemicals Share Price NSE India

Tata Chemicals Stocks price stands at ₹1315.25 per share. With a market capitalization of ₹335,068,200,000, it has shown resilience with a 52-week high of ₹1349.0 and a low of ₹921.65. The company boasts a PE ratio of 16.5 and a dividend yield of 1.49%. The last traded date and time were recorded on March 7 at 05:37 PM IST. Despite its robust financial performance, Tata Chemicals’ valuation is perceived as high. If considering an investment in this stock, it’s advisable to monitor both market trends and developments within the company closely.

Why Tata Chemicals Stock Gained 24% In Two Days?

Tata Chemicals Ltd. saw a big increase of 24% in just two days after a report from an advisor in Chennai came out about the value of Tata Sons Ltd.’s upcoming IPO. This got investors really interested. Tata Sons, the main company of the Tata Group, has to become a publicly listed company by September 2025. This rule came in October 2021 because Tata Sons was classified as an upper-layer non-bank financial company.

The IPO could be worth Rs 11 lakh crore, and it’s expected to be around Rs 55,000 crore, according to Spark Capital Advisors (India) Pvt. Looking at who owns what in Tata Sons, Tata Motors Ltd. and Tata Chemicals each own 3%, Tata Power Co. owns 2%, and Indian Hotels Co. owns 1%.

The report from Spark Capital suggests that Tata Chemicals’ ownership in the parent company could be worth Rs 20,000 crore, which is about 60% of Tata Chemicals’ current market value of Rs 34,000 crore. The note also says that Tata Chemicals’ true value is about 11 times its earnings in the financial year 2025. The report points out that Tata Chemicals’ value hasn’t been fully recognized yet, partly because of the nature of its products like soda ash and possible challenges ahead.

Weekly market roundup

Sensex rose 0.5%, but mid and small caps dipped. Banking stocks gained on upbeat economic outlook, while IT sector weakened. Auto stocks surged on extended Fame II scheme. Metal and capital goods rallied on growth prospects. Small and mid-cap corrections led to profit booking. Nifty formed a bullish candle around 22,200 support. RSI indicates positive bias. Support at 22,400, buy-on-dips strategy suggested. Potential upside above 22,500 towards 22,700, says Rupak De of LKP Securities.

About Tata Chemicals Ltd

Tata Chemicals began its journey in 1927 with the Okhamandal Salt Works, later becoming part of the Tata Group in 1939 under JRD Tata. Evolving from industrial salt and soda ash, we now offer a diverse range of science-based products improving lives globally. Our legacy includes iconic brands like Tata Salt and Tata Sampann. Now an innovation-driven, sustainable chemistry company, we operate globally, focusing on Basic and Specialty Chemistry Products. Our Basic Chemistry line supplies vital ingredients to major glass and detergent manufacturers, making us the world’s third-largest soda ash producer. Specialty Chemistry includes Agri Sciences, led by Rallis India, serving 80% of India’s districts, and Nutritional Sciences with Tata NQ offering health-focused solutions.

Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.

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