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Tata Chemicals may gain up to 17% on bourses to hit Rs 500: Analysts

Tata Chemicals may gain up to 17% on bourses to hit Rs 500: Analysts
Tata Chemicals may gain up to 17% on bourses to hit Rs 500: Analysts
Last month, the management indicated positive cues from all end-user segments for soda ash across regions, except construction, which may take longer to recover.

Synopsis

Stock may rise on talk of investment sales and entry into lithium ion cells

Mumbai: Tata Chemicals, one of the best performing Tata group stocks in the last month, has given a strong breakout outstripping all technical indicators with a huge increase in delivery volumes.Analysts and traders say that the stock is expected to gain more on speculation that it may sell some investments and also get into the business of making lithium-ion cells. Technical analysts expect the stock to test levels of Rs 460 and Rs 500 in the
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