Stock market news: Tata Chemicals shares climb 3%

Stock market news: Tata Chemicals shares climb 3%
ETMarkets.com
Synopsis

A total of 66,144 shares changed hands on the counter till 11:56AM (IST).

Agencies
Shares of Tata Chemicals Ltd. quoted a 52-week high of Rs 345.8 and a 52-week low of Rs 197.4.

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NEW DELHI: Shares of Tata Chemicals Ltd. traded 3.07 per cent up in Monday's trade at 11:56AM (IST). Around 66,144 shares changed hands on the counter.

The stock opened at Rs 297.7 and touched an intraday high and low of Rs 303.9 and Rs 294.8, respectively, in the session so far. Shares of the company of Tata Chemicals Ltd. quoted a 52-week high of Rs 345.8 and a 52-week low of Rs 197.4.

Total market cap of the Tata Chemicals Ltd. stood at Rs 7738.22 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2348.16 crore for the quarter ended 30-Jun-2020, down 1.26 per cent from previous quarter's Rs 2378.09 crore and down 18.94 per cent from the year-ago quarter's Rs 2896.94 crore.

The net profit for latest quarter stood at Rs 13.28 crore, down 94.46 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2020, DIIs held 17.41 per cent stake in the company, while foreign institutional investors held 11.23 per cent and the promoters 34.59 per cent.

Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 1.12 and a price-to-book ratio of 0.44. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Tata Chemicals Ltd. belongs to the Chemicals - Inorganic - Caustic Soda/Soda Ash industry.
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