Tata Chemicals surges 7% in weak market on strong Q4 performance

The management said the operating performance reflects higher volumes, realisations, and favorable market conditions.

Shares of Tata Chemicals have rallied 7 per cent to Rs 1,002.80 on the BSE in Monday’s intra-day trade in otherwise a weak market. The surge comes after the company reported a consolidated profit after tax (PAT) of Rs 470 crore in March quarter, against Rs 29 crore in the corresponding quarter of last year.

The stock of Tata Group commodity chemicals company had hit a 52-week high of Rs 1,158 crore on October 18, 2021. At 09:16 AM, it traded 6 per cent higher as compared to 0.59 per cent fall in the S&P BSE Sensex.

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