TATA CHEMICALS SODA ASH
Hot Stocks: Brokerage view on GAIL, Tata Chemicals, HCC and ONGC
JPMorgan upheld a neutral outlook on GAIL India, while Morgan Stanley advised an underweight position on Tata Chemicals. Elara Securities commenced coverage on HCC, and Jefferies reaffirmed a buy recommendation on ONGC.
Tata Chemicals shares fall over 4% on first-ever quarterly loss in nine years; Kotak Equities screams sell
Tata Chemicals witnessed a 4.5% decline in shares, hitting a day's low of Rs 1,050 on BSE. This drop followed the company's announcement of its first quarterly loss in nine years. Kotak Institutional Equities issued a 'sell' rating on the stock, setting a target price of Rs 770, indicating a potential downside of nearly 29%.
Tata Chemicals Q4 Results: Co in red after 9 years on one-time charge, poor soda ash demand
India's Tata Chemicals reported its first quarterly loss in nine years on Monday, hurt by a one-time charge incurred in its UK operations along with lower prices and demand of soda ash.
Bullish on auto; no pharma, chemical stocks in portfolio buy may get in later: Deepak Shenoy
Deepak Shenoy discusses excitement for auto stocks and auto ancillaries, potential investments in M&M and cautious optimism on two-wheeler sales. he also suggests monitoring of FDA actions in the pharma sector. Shenoy says a quantitatively driven, price driven strategy will make them consider pharma again,He also anticipates growth in the healthcare sector and potential opportunities in the chemical space.
Tata Chemicals shares crash 10% after Tata Sons IPO buzz fizzles out
Shares of Tata Chemicals hit lower circuit as Tata Group tries to avoid Tata Sons IPO. Tata Investment Corporation joins after rally. Tata Sons explores restructuring options to avoid getting listed.
Prefer NTPC over Tata Power; Tata Chemicals to benefit most in case of Tata Sons listing: Sudip Bandyopadhyay
According to Sudip Bandyopadhyay, Group Chairman, Inditrade Capital: "There is speculation about Tata Sons getting listed, benefiting Tata Chemicals. Tata Power, Tata Steel, Indian Hotels, and Tata Motors are benefiting from the halo effect. Tata Steel is the best buy. Manappuram is an interesting buy. Nykaa, PB Fintech, and Delhivery have good potential."
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Tata stock zooms 34% in 3 days amid rising speculations over Tata Sons IPO
Among listed Tata Group companies, Tata Motors and Tata Chemicals own a 3% stake each in Tata Sons, whereas Tata Power owns a 2% stake and Indian Hotels owns 1% in the holding company. The market value of Tata Sons’ listed investments is around Rs 16 lakh crore.
Tata Chemicals soars to highest on parent's listing talk
According to a recent note by Spark Private Wealth Management (PWM), the Reserve Bank of India classified Tata Sons as an 'upper layer' NBFC last year, which makes it mandatory for the company to list itself on the exchanges by September 2025.
If Tata Sons brings out IPO, which listed Tata stock will gain the most?
The m-cap of Tata Sons' listed investments is estimated at Rs 16 lakh crore and the market value of unlisted investments can be worth Rs 1-2 lakh crore given the group's foray into semiconductors and EV batteries. Dorabji Tata Trust (28%) and Ratan Tata Trust (24%) own the majority of Tata Sons.
Fitch Ratings revises outlook on Tata Chemicals’ FX IDRs to 'stable' from 'positive'
Fitch Ratings has revised Tata Chemicals' outlook to 'stable' due to oversupply in the global soda ash industry. Weak demand in Europe and industry oversupply are expected to weaken Tata Chemicals' profits and credit metrics in FY25. However, margins are expected to improve from FY26 due to a gradual demand recovery, supply tightening, and lower energy cost.
Tata Chemicals’ US & Europe exports to experience margin compression next year: R Mukundan
R Mukundan says the domestic markets where Tata Chemicals has strong presence, have more or less stabilised and would continue to be range-bound. In terms of exports out of the US and Kenya, the next full year would see a recovery up from the $100 dip that will be seen in the next quarter.
Tata Chemicals Q3 Results: Consolidated net profit declines 60% YoY to Rs 158 crore
Tata Chemicals on Monday reported a 60.30 decline in consolidated net profit to Rs 158 crore in the December quarter. The company's net profit stood at Rs 398 crore in the corresponding period of the previous year, Tata Chemicals said in a regulatory filing.
SPIC Ltd unveils Rs 1,900 cr investment plan over the next two years
Southern Petrochemical Industries Corporation (SPIC) Ltd unveiled plans to invest Rs 1,900 crore in a strategic expansion over two years. Notably, Rs 970 crore will enhance the urea plant and establish a 150 MTPD Green Ammonia Plant. Greenstar Fertilizers Ltd allocates Rs 640 crore for a water-soluble fertilizer mixing plant and plant refurbishments. Additionally, Tuticorin Alkali Chemicals and Fertilisers Ltd commits Rs 290 crore for a soda ash and ammonium chloride plant. These initiatives aim to create employment and uphold SPIC's commitment to ESG principles, emphasizing responsible business practices.
SPIC to invest Rs 1,900 crore over two years in Tamil Nadu
The investment would be made across SPIC Ltd, Greenstar Fertilizers Ltd, and Tuticorin Alkali Chemicals and Fertilizers Ltd, the company said in a statement.
SPIC Group to invest Rs 1,900 crore in Tamil Nadu
Southern Petrochemical Industries Corporation Ltd (SPIC) is set to invest Rs 1,900 crore over the next two years in Tamil Nadu, as per an MoU signed with the state government during the Global Investors Meet in Chennai.
Gurmeet Chadha on how to play in contrarian bets in IT, chemicals & NBFCs
“There is some lack of opportunity in small and midcaps. A more balanced approach is needed. I made this point two months back also. Today, the 10-year bond in India has gone down from 730 to 715 since the Fed pivoted. We will see multiple rate cuts next year. The Fed is indicating three rate cuts, which means the bond yields will come off anywhere between 50 to 100 basis points.”
Chemical stocks can be great contra plays; power can be a long-term story: Nitin Raheja
"The headwind that we are also seeing currently in chemicals is that there is a slowdown in Europe. A lot of clients in Europe are holding back orders. So, there is a short-term challenge that the space is seeing. But if you take a little longer-term view of at least the next one, one-and-a-half, two years, clearly there are very interesting plays that reside in the sector. There is a stickiness to the business. Clients do not really change their suppliers very often."
Gujarat positions itself as chemical manufacturing leader ahead of Vibrant Gujarat 2024
The government of Gujarat is focusing on the Chemical Sector in the run-up to the Vibrant Gujarat Global Summit (VGGS) 2024. Gujarat currently contributes around 35% to the national output of chemicals and aims to become a hub for specialty chemicals. The state is engaging with global and national players, including companies from Germany, Italy, Japan, and South Korea, to explore investment prospects and establish strategic partnerships.
If things turn around, agrochemical, two-wheelers and ancillaries offer a lot of value: Gurmeet Chadha
“The focus should be more on rural facing stocks. That is where as a portfolio manager, I would look. But that is the part of the economy which we saw urban is clearly doing very well. Also, there is a lot of negative news in agrochemical space, two-wheeler space, and the rural economy linked themes and sectors. That is where there is some value for money.”
Hot Stocks: Brokerage view on Tata Chemicals, M&M, HDFC Bank and SBI Life
The global investment bank believes that this could be temporary and soon normalise. Tata Chemical capacity expansions in India, the US, and Kenya over the next years should support growth. However, China's capacities remain a risk
We would continue to build strength where we have scale and also build new businesses: Tata Chemicals MD
“In the long term, our view is that the demand is going to increase to almost 80 million tons and there is about 4-5 million tons coming in capacity, we need to bring more capacities on stream and we will continue to maintain a very balanced approach to this market because customers need the material and we need to bring that on stream. That is it.”
‘As dumping of chemicals by China recedes, 3 companies to benefit most’
“The demad for chemicals will start improving in China soon. When this happens, the intensity of predatory pricing or dumping recedes and we expect it to happen in the coming months. This will benefit more and more Indian players such as Alkyl Amines, Deepak Fertilisers, Deepak Nitrite and other players as well.”
High risk investor? Allocate a small portion in new age stocks through a basket approach: Gurmeet Chadha
"For some of these companies including Zomato, Paytm, PB Fintech, the glide path to profitability guidance has been more or less met as per the market expectation. In fact, Zomato reported a profit two quarters ahead of the guidance. In Paytm also, the payment business is doing pretty well. They added 11 lakh plus merchants on the subscription services."
For moderate risk takers: 6 largecap stocks from different sectors with an upside potential of up to 47%
Till recently, one by one each sectoral index was touching a new high, except one which is Nifty IT index. But given the fact that after Q1 results of TCS results all the IT stocks have moved upward very sharply. Even this index might be at a new high soon, if Infy results don't hit the sector. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Hot Stocks: Brokerage view on Apollo Hospitals, HEG, Tata Chemicals, Indigo and Dalmia Bharat
JPMorgan has started coverage of Apollo Hospitals as overweight, with a target price of INR 5,950 ($80). The bank has started coverage of Fortis Healthcare as overweight, with a INR 355 target. Morgan Stanley downgraded Tata Chemicals to equal-weight, downgraded its target price to INR 916 and maintained an overweight rating on Indigo with a target price of INR 3,126. Furthermore, InCred began covering HEG with an 'add' rating and expects it to trend upwards due to reduced US steel inventory levels. Jefferies maintained a buy rating on Dalmia Bharat with a target price of INR 2,490.
Stocks in news: Nazara Tech, ZEE, Anupam Rasayan, Tata Chemicals, Kotak Bank
Shares of Tata Chemicals and Canara Bank will be in focus today as the companies will go ex-dividend today. Tata Chemicals has also followed Nirma with downward revision of Soda Ash prices.
Motilal Oswal Financial Services neutral on Tata Chemicals, target price: Rs 1110
Tata Chemicals, incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 24443.86 Crore) operating in Chemicals sector.
Tata Chemicals slumps 6% on soda ash price cut
More than 6.8 million shares exchanged hands on the BSE and NSE compared with the combined average daily volume of 500,000 shares over the last month. Among the BSE 500 stocks, Tata Chemicals was the biggest loser on Tuesday.
Hot Stocks: Brokerages on BHEL, India Hotels and Tata Chemicals
Morgan Stanley maintains an 'overweight' rating on Indian Hotels with a target price of Rs 388. Kotak Institutional Equities retains its ‘buy’ call on Tata Chemicals with a target price of Rs 1,210.
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