This chemical stock gave more than 187% return in one year, would you bet?

Multibagger stock Tips: Tata Chemicals is a leading player in the global soda ash market. Under Basic Chemicals, Tata Group’s chemical subsidiary offers soda ash, soda bicarbonate, cement, salt, marine chemicals and crushed refined soda, while Specialty Chemicals offers nutritional products such as Rallis and other specialty solutions and agriculture through HDS. Chemical solution.

The share price of Tata Chemicals has grown around 79% CAGR (Compound Annual Growth Rate) in the last two years. The Tata group stock has given multibagger returns of over 187% in a span of one year.

Brokerage and research firm ICICI Securities has changed its rating on Multibagger stock from ‘Hold’ to ‘Buy’ on the basis of better soda ash realization visibility based on favorable demand outlook. Its target price for Tata Chemicals is ₹1,035 per share with a tenor of twelve months. An improving soda ash pricing environment bodes well for the future growth outlook.

Lower growth of Tata Chemicals from India and operating loss from Europe in Q2 dragged operating growth below expectations of ICICI Securities. The company posted revenue growth of 16% YoY at ₹3,022.6 crore, led by higher growth in basic chemical segment across four units, while EBITDA margin improved to 16.6%, impacted by higher power and fuel cost .

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