 "Tata Chemicals shares zoom nearly 10%; hit 52-week high after Q1 earnings")
Shares of Tata Chemicals on Friday jumped nearly 10 per cent after the company reported a multi-fold jump in consolidated net profit for the June quarter.
The stock gained 9.70 per cent to its 52-week high of Rs 844 on BSE.
On NSE, it jumped 9.71 per cent to its 52-week high of Rs 844.
Tata Chemicals on Thursday reported a multi-fold jump in consolidated net profit at Rs 342.33 crore for the June quarter, helped by a rebound in soda ash volumes in the US and India.
The company's consolidated net profit stood at Rs 74.15 crore during the corresponding quarter of 2020-21, Tata Chemicals said in a BSE filing.
Income from operations grew by 27 per cent to Rs 2,977 crore from Rs 2,348 crore in the year-ago period.
This was mainly due to rebound in soda ash volumes in the US and India, the company added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
