Tata Chemicals rose 1.89% to Rs 306.70 at 14:11 IST on BSE, with the stock recovering on bargain hunting after recent slide.
Meanwhile, the S&P BSE Sensex was up 108.74 points or 0.44% at 24,793.59.
On BSE, so far 65,000 shares were traded in the counter as against average daily volume of 1.08 lakh shares in the past one quarter.
The stock hit a high of Rs 309.45 and a low of Rs 301.50 so far during the day. The stock hit a 52-week high of Rs 329.45 on 26 May 2014. The stock hit a 52-week low of Rs 234.50 on 4 September 2013.
The stock had underperformed the market over the past one month till 2 June 2014, advancing 6.19% compared with Sensex's 10.18% rise. The scrip had also underperformed the market in past one quarter, jumping 12.48% as against Sensex's 16.88% rise.
The mid-cap company has equity capital of Rs 254.76 crore. Face value per share is Rs 10.
Shares of Tata Chemicals had declined 6.33% in three trading sessions to settle at Rs 301 on Monday, 2 June 2014, from a recent high of Rs 321.35 on 28 May 2014.
Tata Chemicals reported a consolidated net loss of Rs 1225.72 crore in Q4 March 2014, higher than net loss of Rs 188.03 crore in Q4 March 2013. Net sales rose 10.6% to Rs 3646.13 crore in Q4 March 2014 over Q4 March 2013.
Tata Chemicals is the pioneer and market leader in India's branded iodised salt segment. The company is also the world's second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. It is also a leading manufacturer of urea and phosphatic fertilisers and, through its subsidiary, Rallis, has a strong position in the crop protection business.
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