Tata Chemicals fell 2.34% to Rs 253.05 at 11:41 IST on BSE, extending Tuesday's 1.95% fall triggered by the company's poor Q3 December 2013.
The Q3 result was announced after market hours on Monday, 3 February 2014. The stock fell 1.95% to Rs 259.10 on Tuesday. The stock has fallen 4.24% in two sessions from Rs 264.25 on Monday, 3 February 2014.
Meanwhile, the BSE Sensex was down 97.10 points, or 0.48%, to 20,114.83.
On BSE, so far 12,000 shares were traded in the counter, compared with an average volume of 43,464 shares in the past one quarter.
The stock hit a high of Rs 259.05 and a low of Rs 252 so far during the day. The stock hit a 52-week high of Rs 367 on 8 February 2013. The stock hit a 52-week low of Rs 234.50 on 4 September 2013.
The stock had outperformed the market over the past one month till 4 February 2014, falling 2.56% compared with the Sensex's 3.07% fall. The scrip had, however, underperformed the market in past one quarter, 5.27% as against Sensex's 4.84% decline.
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The mid-cap company has an equity capital of Rs 254.76 crore. Face value per share is Rs 10.
On a consolidated basis, Tata Chemicals reported a net loss of Rs 15.93 crore in Q3 December 2013 compared to net profit of Rs 224.07 crore in Q3 December 2012. Total income rose 6.65% to Rs 4598.13 crore in Q3 December 2013 over Q3 December 2012.
Tata Chemicals is the pioneer and market leader in India's branded iodised salt segment. The company is also the world's second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. It is also a leading manufacturer of urea and phosphatic fertilisers and, through its subsidiary, Rallis, has a strong position in the crop protection business.
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