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Tata Chemicals soars on reporting 36% surge in Q3 consolidated net profit

10 Feb 2012 Evaluate

Tata Chemicals is currently trading at Rs. 359.50, up by 8.30 points or 2.36% from its previous closing of Rs. 351.20 on the BSE.

The scrip opened at Rs. 352.50 and has touched a high and low of Rs. 361.80 and Rs. 343.90 respectively. So far 244226 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 392.00 on 28-Apr-2011 and a 52 week low of Rs. 287.80 on 05-Oct-2011.

Last one week high and low of the scrip stood at Rs. 361.80 and Rs. 341.50 respectively. The current market cap of the company is Rs. 8810.75 crore.

The promoters holding in the company stood at 31.07% while Institutions and Non-Institutions held 44.51% and 24.42% respectively.

Tata Chemicals has reported results for third quarter ended December 31, 2011.

The company has posted a rise of 15.32% in its net profit after tax to Rs 153.04 crore for the quarter ended December 31, 2011 as compared to Rs 132.71 crore for the same quarter in the previous year. Total income has increased by 30.58% to Rs 2379.88 crore for quarter under review as compared to Rs 1822.55 crore for the quarter ended December 31, 2010.

On the consolidated basis, the company has posted a surge of 35.98% in its net profit at Rs 223.78 crore for the quarter ended December 31, 2011 as compared to Rs 164.57 crore for the same quarter in the previous year. Total income has increased by 32.04% at Rs 3855.24 crore for the quarter under review as compared to Rs 2919.76 crore year ago.

Peers
Company Name CMP
Godrej Industries 986.05
SRF 2513.60
BASF India 3345.60
Pidilite Inds. 1480.15
Tata Chemicals 589.80
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