In the past one month, the stock has outperformed the market by surging 42 per cent, as compared to 13 per cent rise in the Nifty50 index.
Currently, the Tata Group commodity chemicals company is the world’s third-largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa, and North America. The company has a strong position in the crop protection business through its subsidiary company Rallis India.
While announcing the July-September quarter (Q2FY21) results on October 29, Tata Chemical's management said the company is witnessing the revival of the chemical sector and customer demand. The plant operations and capacity utilisation have gained momentum and are getting back to the pre-Covid levels.
At 09:30 am, Tata Chemicals
was trading 6 per cent higher at Rs 452 on the NSE, against 0.41 per cent gain in the Nifty50 index. A combined around 6 million equity shares had changed hands on the counter on the NSE and BSE.