Tata Chemicals Share Srice:
Know what was the reason for such a huge jump in the shares of Tata Chemicals, the company of Tata Group.
Tata Chemicals Limited's stock rose over 8% during the opening hours of Wednesday's trading session.
A tremendous increase in the volumes of the shares of Tata Chemicals saw tremendous buying interest.
Today Tata chemicals volumes were found to be significantly higher than the 10-day, 30-day, and 50-day averages.
Let us tell you that the quarterly results announced by the company on Tuesday were better than expected.
Tata Chemicals' net profit jumped 86% to Rs 637 crore, while revenue grew by 34%. The operating margin was also better.
According to experts, Tata Chemicals is trading above all major moving averages and its technical parameters indicate strength.
At the end of the day, Tata chemical's share price rose by Rs 115.25 (12.04%) to close at 1,072.25.
Tata Chemicals Stock Details:
Mkt cap: 27.36TCr P/E ratio: 21.81 Div yield: 1.17% 52-wk high: 1,158.00 52-wk low: 773.35