Tata Chemicals strengthens on reporting 69% growth in Q1FY15 net profit.

 

      Tata Chemicals, part of the Tata Group, is a leading manufacturer of chemicals, fertiliser and food additives. Tata Swach is a water purifier developed by Tata Chemicals.

     The company’s net profit has surged by 68.80% at Rs 169.53 crore as compared to Rs 100.43 crore for the quarter ended June 30, 2013. The company’s total income has increased by 26.78% to Rs 2159.16 crore for the quarter under review from Rs 1703.02 crore for the corresponding quarter of the previous year.

     The promoters holding in the company stood at 31.06% while Institutions and Non-Institutions held 45.61% and 23.33% respectively.

     The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 367.65 on 04-Aug-2014 and a 52 week low of Rs 234.50 on 04-Sep-2013.

     Last one week high and low of the scrip stood at Rs. 367.65 and Rs. 331.00 respectively. The current market cap of the company is Rs. 9167.40 crore.

     The scrip opened at Rs 363.40 and has touched a high and low of Rs 376.30 and Rs 351.25 respectively. So far 517565 shares were traded on the counter.

     Tata Chemicals is currently trading at Rs 375.00, up by 00.70 points or 3.22% from its previous closing of Rs 363.35 on the BSE.