Tata Chemicals drops after poor Q1 results

Tata Chemicals lost 3.47% to Rs 255.75 at 15:11 IST on BSE after consolidated net profit declined 30.09% to Rs 75.21 crore on 7.06% growth in total income to Rs 3331.65 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 5 August 2013.

Meanwhile, the S&P BSE Sensex was up 26.15 points or 0.14% at 19,190.17.

On BSE, 75,000 shares were traded in the counter as against average daily volume of 43,567 shares in the past one quarter.

The stock hit a high of Rs 270 and a low of Rs 252 so far during the day. The stock had hit a 52-week high of Rs 381.50 on 9 January 2013. The stock had hit a 52-week low of Rs 242 on 31 July 2013.

The stock had underperformed the market over the past one month till 2 August 2013, sliding 6.31% compared with the Sensex's 1.54% fall. The scrip had also underperformed the market in past one quarter, declining 19.6% as against Sensex's 2.9% slide.

The mid-cap company has equity capital of Rs 254.76 crore. Face value per share is Rs 10.

Tata Chemicals is a diversified firm. The company makes farm inputs such as fertilisers, pesticides, specialty nutrients, seeds and agri-services. The company's industry essentials product range includes soda ash and allied chemicals, industrial salt, sodium bicarbonate and cement. Tata Chemicals is currently the world's second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America.

Tata Chemicals also makes basic products for daily living, such as salt, sodium bicarbonate or baking soda products and water-related products.

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