Tata Stock Trading 16.01% Away From 52-Week Low, Buy Recommended For TP 1275

Mid cap Tata Group company, Tata Chemicals shares today plunged by 6.10% on BSE. Current market price of Tata Chemicals Ltd shares on BSE is Rs 111.85 per share. The 52-week low price of Tata Chemicals shares on BSE is Rs 933.00 indicating the scrip is trading 16.01% away from 52-week low price. The company has a market capitalisation of Rs 28,330.17 crore. However, Tata Chemicals shares gained 3.37% in last 1-week and zoomed 7.5% in last 1-year. Tata Chemicals will declare its financial results on October 17, 2024. The company on October 8 informed re-affirmation of credit rating by CARE Ratings Limited. FII/FPI have decreased holdings from 13.84% to 13.76% in June 2024 quarter. Number of FII/FPI investors increased from 283 to 287 in June 2024 quarter. Check details below:

Tata Chemicals Shares Performance: The 52-week high price of Tata Chemicals share on BSE is Rs 1349.70 per share (as on 07/03/2024) and 52-week low price is Rs 933.00 per share (as on 29/02/2024), respectively. Tata Chemicals shares gained 6% in last 1-month, soared over 4% in last 3-months, fell 3% in last 6-months, and surged 339% in last 5-years.

Tata Chemicals's Europe Arm Fined £1.1 Million By UK Court: Earlier this year on June 7 Tata Chemical's subsidiary Tata Chemicals Europe was fined £1.1 million by the Chester Crown Court in the United Kingdom. The fine was pertaining to the safety incident that took place way back in 2016 leading to injury and subsequent unexpected death of a contractor.

Tata Chemicals Dividend: Tata Chemicals on April 29, 2024 recommended a dividend of Rs 15/- per Ordinary Share of Rs 10/- each (150%) for the Financial Year ended March 31, 2024.

Tata Chemicals Sets Record Date For Dividend: Tata Chemicals on May 17, 2024 issued yet another BSE filing and fixed Wednesday, June 12, 2024 as the Record Date for determining entitlement of Members to dividend for the financial year ended March 31, 2024. The dividend, if declared by the Members at the ensuing AGM, will be paid subject to deduction of tax at source, on or after Friday, June 28, 2024.

Tata Chemicals Dividend History: Tata Chemicals declared 28 dividends since June 14, 2001. In last 1-year, Tata Chemicals declared an equity dividend amounting to Rs 15.00 per share. At the current share price of Rs 111.85 per share, Tata Chemicals has a dividend yield of 1.35%.

Buy Tata Chemicals Shares: Leading brokerage firm Bonanza issued buy call to Tata Chemicals shares with target price of Rs 1275 per share and recommended to keep the stop loss at Rs 1130. The analyst said, jump in volume shown this week indicated increased buying interest at the current price levels, further supporting a bullish outlook for the Tata Chemicals.

About: Tata Chemicals is a science-led company with a portfolio that covers basic and specialty chemistry products. The story of the company is about harnessing the fruits of science for goals that go beyond business. The history of Tata Chemicals can be traced to the Okhamandal Salt Works set up in 1927, according to the official website.

Disclaimer:

The stock has been picked from the brokerage report of Bonanza. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.