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Tata Chemicals strengthens as Foreign investment reaches trigger limit

02 Mar 2016 Evaluate

Tata Chemicals is currently trading at Rs. 330.00, up by 4.60 points or 1.41% from its previous closing of Rs. 325.40 on the BSE.

The scrip opened at Rs. 326.40 and has touched a high and low of Rs. 331.90 and Rs. 326.40 respectively. So far 25906 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 525.70 on 23-Jul-2015 and a 52 week low of Rs. 310.05 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 330.00 and Rs. 310.05 respectively. The current market cap of the company is Rs. 8356.01 crore.

The promoters holding in the company stood at 30.98% while Institutions and Non-Institutions held 47.48% and 21.54% respectively.

Reserve Bank of India (RBI) has notified that the foreign shareholding by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in Tata Chemicals has reached the trigger limit. Accordingly, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI.

TCL is a part of over $100 billion Tata group, currently the second-largest producer of soda ash in the world with manufacturing facilities in India, UK, Kenya and USA. It is India’s leading crop nutrients player with its own manufacturing of urea and phosphatic fertilizers (namely, Di Ammonium Phosphate (DAP), Nitrogen Potash and Phosphorus (NPK) and single Super Phosphate (SSP)) and a leading player in crop protection business through its subsidiary Rallis India.


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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