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Sell Tata Chemicals, price target Rs 722: Kunal Bothra

The analyst suggested a stoploss at Rs 763.

ETMarkets.com|
Last Updated: Feb 25, 2020, 11.27 AM IST
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Tata Chemicals Ltd., incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 19114.36 Crore) operating in Chemicals sector.
Kunal Bothra has a sell call on Tata Chemicals Ltd. with a target price of Rs 722.0 . The current price of Tata Chemicals Ltd. is Rs 749.2 . Kunal Bothra recommended to keep a stoploss at Rs 763 .

Tata Chemicals Ltd., incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 19114.36 Crore) operating in Chemicals sector.

Tata Chemicals Ltd. key Products/Revenue Segments include Soda Ash which contributed Rs 1415.48 Crore to Sales Value (40.16 % of Total Sales), Vacuum Salt which contributed Rs 1275.47 Crore to Sales Value (36.19 % of Total Sales) and Others which contributed Rs 833.22 Crore to Sales Value (23.64 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 2620.38 Crore, down -15.02 % from last quarter Sales of Rs 3083.50 Crore and down -7.47 % from last year same quarter Sales of Rs 2831.87 Crore Company has reported net profit after tax of Rs 291.80 Crore in latest quarter.

As on 31-12-2019, the company has a total of 254,756,278 shares outstanding.

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