Buy Tata Chemicals Ltd. target Rs 595: CK Narayan

CK Narayan of Chart Advise has a buy call on Tata Chemicals Ltd. with a target price of Rs 595. The current market price of Tata Chemicals Ltd. is Rs 584.5 Time period given by analyst is Intra Day when Tata Chemicals Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 577. Tata Chemicals Ltd., incorporated in 1939, has a market cap of Rs 14890.50 crore.

Tata Chemicals Ltd. key Products/Revenue Segments include Soda Ash which contributed Rs 1415.48 Crore to Sales Value (40.16 % of Total Sales), Vacuum Salt which contributed Rs 1275.47 Crore to Sales Value (36.19 % of Total Sales) and Others which contributed Rs 833.22 Crore to Sales Value (23.64 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 2896.94 Crore, up 4.98 % from last quarter Sales of Rs 2759.39 Crore and up 4.62 % from last year same quarter Sales of Rs 2769.12 Crore Company has reported net profit after tax of Rs 315.28 Crore in latest quarter. The company’s top management includes Dr.C V Natraj, Mr.Bhaskar Bhat, Mr.R Mukundan, Mr.Ratan N Tata, Mr.S Padmanabhan, Mr.Zarir Langrana, Mrs.Padmini Khare Kaicker, Ms.Vibha Paul Rishi. Company has B S R & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 254,756,278 shares outstanding.