Tata Chemicals rose 1.53% to Rs 424.95 at 15:30 IST on BSE after consolidated net profit rose 91.17% to Rs 257.01 crore on 10.49% increase in total income to Rs 4846.87 crore in Q2 September 2014 over Q2 September 2013.
The result was announced during trading hours today, 10 November 2014.
Meanwhile, the BSE Sensex was down 12.77 points, or 0.05%, to 27,855.86.
On BSE, so far 4.22 lakh shares were traded in the counter, compared with an average volume of 98,259 shares in the past one quarter.
The stock hit a high of Rs 431 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 417.90 so far during the day. The stock hit a 52-week low of Rs 244.80 on 28 January 2014.
The stock had outperformed the market over the past one month till 7 November 2014, rising 8.66% compared with 6.08% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 10.10% as against Sensex's 8.91% rise.
The large-cap company has an equity capital of Rs 254.76 crore. Face value per share is Rs 10.
On a consolidated basis, Tata Chemicals' profit from operations rose 14% to Rs 653 crore in Q2 September 2014 over Q2 September 2013.
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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