Tata Chemicals hits new high; surges 38% in one month on healthy outlook

An anticipated reduction in imports and the ongoing programs on driving cost reductions and efficiencies will likely yield benefits in margins

Shares of Tata Chemicals hit a new high of Rs 1,182.40 afer they rallied 6 per cent on the BSE in Friday's trade on strong business outlook. The stock of the Tata Group's commodity chemicals company surpassed its previous high of Rs 1,159.95 touched on August 12, 2022.

In the past one month, the market price of Tata Chemicals has appreciated by 38 per cent after the company reported better-than-expected earnings for the quarter ended June 2022 (Q1FY23). In comparison, the S&P BSE Sensex gained 10 per cent during the period.

Tata Chemicals operates through two verticals -