Buy Tata Chemicals, target price Rs 1205: Axis Securities

Axis Securities has buy call on Tata Chemicals with a target price of Rs 1205. The current market price of Tata Chemicals Ltd. is Rs 1021.15.

Tata Chemicals Ltd., incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 26252.63 Crore) operating in Chemicals sector.

Tata Chemicals Ltd. key Products/Revenue Segments include Salt, Others, Refined Sodium Bicarbonate and Specialty Chemicals for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-12-2022, the company reported a Consolidated Total Income of Rs 4185.00 Crore, down -2.65 % from last quarter Total Income of Rs 4299.00 Crore and up 31.58 % from last year same quarter Total Income of Rs 3180.66 Crore. Company reported net profit after tax of Rs 516.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 37.98 per cent stake in the company as of 31-Dec-2022, while FIIs owned 14.43 per cent, DIIs 18.62 per cent.