Tata Chemicals lost 0.72% to Rs 308.50 at 14:57 IST on BSE after consolidated net profit fell 46.17% to Rs 107.59 crore on 4.5% growth in total income to Rs 3104.44 crore in Q1 June 2012 over Q1 June 2011.
The company announced the results during trading hours today, 7 August 2012.
Meanwhile, the BSE Sensex was up 196.87 points or 1.13% to 17,609.83.
On BSE, 1.54 lakh shares were traded in the counter as against average daily volume of 67,032 shares in the past one quarter.
The stock hit a high of Rs 314 and a low of Rs 306.90 so far during the day. The stock had hit a 52-week low of Rs 287.80 on 5 October 2011. The stock had hit a 52-week high of Rs 374.50 on 17 February 2012.
The stock had underperformed the market over the past one month till 6 August 2012, falling 3.54% compared with the Sensex's 0.62% fall. The scrip had also underperformed the market in past one quarter, sliding 6.39% as against the Sensex's 3.46% rise.
The inorganic chemicals maker has equity capital of Rs 254.76 crore. Face value per share is Rs 10.
Tata Chemicals on Monday, 6 August 2012 said the two units of Di-ammonium Phosphate (DAP) at the company's Haldia plant have resumed the operations. The operations at two units were suspended during the period from 1 April 2012 to 3 July 2012 due to disruption in supplies of Phos Acid, the company said. The operations at the Magadi plant of Tata Chemicals Magadi in Kenya, a wholly owned subsidiary of the company, have resumed operations after it remained partially disrupted during the quarter ended June 2012 due to flooding caused by heavy rains, Tata Chemicals added.
Tata Chemicals is the world's second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. The company's industry essentials product range provides key ingredients to some of the world's largest manufacturers of glass, detergents and other industrial products. Tata Chemicals is also a leading manufacturer of urea and phosphatic fertilisers and, through its subsidiary, Rallis, has a strong position in the crop protection business. The company has also entered into a JV with Singapore's Temasek Life Sciences Laboratory (TLL) to develop Jatropha seedlings to enable bio fuels capability.
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