Tata Chemicals Ltd. has recently made headlines in the stock market, particularly on October 1, 2024, when its share price reached ₹1,132.60, marking a significant increase of 3.81% from the previous close of ₹1,091.10. This performance reflects a broader trend of recovery and growth for the company amid fluctuating market conditions.
Main Points
- 1 Current Tata Chemicals Share Price Action and Performance
- 2 Key Statistics
- 3 Tata Chemicals Share Price Support and Resistance
- 4 Moving Averages
- 5 Tata Chemicals Share Price Future Targets
- 6 Recent News and Developments
- 7 Tata Chemicals Share Price Market Sentiment
- 8 Full Details on Tata Chemicals’ Performance Metrics
- 9 Financial Overview
As of October 1, 2024, Tata Chemicals is trading at ₹1,132.60 after experiencing a daily range between ₹1,056 and ₹1,090. Over the past week, the Tata Chemicals stock has shown a 7.05% increase, while its monthly performance stands at 4.47%. Year-to-date, Tata Chemicals has seen a 9.83% rise in its share price.
Key Statistics
- Current Price: ₹1,132.60
- Previous Close: ₹1,091.10
- 52-Week Range: ₹933 – ₹1,349
- Market Capitalization: Approximately ₹28,753 Crore
- P/E Ratio: 37.0
- Dividend Yield: 1.33%
- Return on Equity (ROE): 2.32%.
The stock is currently navigating through key support and resistance levels:
| Level Type | Price (₹) |
|---|---|
| First Support | 1,052.30 |
| Second Support | 1,037.40 |
| First Resistance | 1,085.95 |
| Second Resistance | 1,104.70 |
These levels are crucial for traders to monitor as they indicate potential price movements in the near term.
Moving Averages
Tata Chemicals is currently trading close to its key moving averages:
- 50-Day EMA: ₹1,059.47
- 200-Day EMA: ₹1,058.30
The stock has shown bullish signals with recent crossovers indicating potential upward momentum in the coming days.
Analysts are optimistic about Tata Chemicals’ future performance based on technical indicators and recent price action trends. The stock is expected to target levels around:
- Short-term Target: ₹1,119
- Medium-term Target: ₹1,200 – ₹1,250
These targets are supported by bullish patterns observed in technical analysis.
Recent News and Developments
Tata Chemicals has faced challenges recently with a reported revenue contraction of 7.64%, marking the first decline in three years. However, the company continues to maintain a healthy dividend payout ratio of approximately 62.4%, which reflects its commitment to returning value to shareholders despite recent financial setbacks.
In addition to financial performance metrics, analysts are closely watching Tata Chemicals’ strategic initiatives in sustainability and innovation within the chemical sector. The company’s focus on environmentally friendly products and processes may enhance its competitive edge in the long run.
Investor sentiment around Tata Chemicals remains cautiously optimistic as it navigates through market volatility and economic uncertainties. The company’s ability to adapt to changing market conditions will be pivotal for its future growth trajectory.
Full Details on Tata Chemicals’ Performance Metrics
Financial Overview
- Total Income (Q2 FY2024): ₹3,836 Crore
- Net Profit (Q2 FY2024): ₹150 Crore
- Operating Revenue (TTM): ₹14,992 Crore
- Debt-to-Equity Ratio: 0.13 (indicating a healthy balance sheet)
These metrics highlight both the strengths and weaknesses of Tata Chemicals as it strives to improve profitability while managing costs effectively.
