Tata Chemicals surges on plan to expand consumer portfolio

22 Dec 2014

Tata Chemicals is currently trading at Rs. 431.35, up by 8.50 points or 2.01% from its previous closing of Rs. 422.85 on the BSE.

The scrip opened at Rs. 425.00 and has touched a high and low of Rs. 432.95 and Rs. 425.00 respectively. So far 45512 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 460.00 on 05-Dec-2014 and a 52 week low of Rs. 244.80 on 28-Jan-2014.

Last one week high and low of the scrip stood at Rs. 431.80 and Rs. 395.60 respectively. The current market cap of the company is Rs. 10980.00 crore.

The promoters holding in the company stood at 31.06 % while Institutions and Non-Institutions held 46.43 % and 22.51 % respectively.

Tata Chemicals, a leading crop nutrition and agri solution manufacturer and marketer, is reportedly planning to strengthen its FMCG business by entering new product categories. Currently, the company is exploring staples and other offerings such as wellness and nutri-foods.

Furthermore, the company is also planning to take the pulses brand I-Shakti’s turnover to Rs 250 crore by the end of this fiscal and to Rs 1,000 crore over the next two-three years. The brand is likely to be available across 100,000 outlets by March 2015.

Tata Chemicals is the world’s second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. The company’s industry essentials product range provides key ingredients to some of the world’s largest manufacturers of glass, detergents and other industrial products.

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