Sell Tata Chemicals, price target Rs 625: Jayesh Bhanushali

Jayesh Bhanushali of IIFL has a sell call on Tata Chemicals Ltd. with a target price of Rs 625.0. The current price of Tata Chemicals Ltd. is Rs 643.2. Jayesh Bhanushali recommended to keep a stop loss at Rs 658.

Tata Chemicals Ltd., incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 16388.47 Crore) operating in Chemicals sector.

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


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 3083.50 Crore, up 6.44 per cent from last quarter Sales of Rs 2896.94 Crore and up 4.15 per cent from last year same quarter Sales of Rs 2960.66 Crore Company has reported net profit after tax of Rs 434.86 Crore in latest quarter.