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Tata Chemicals shares register jump of nearly 9% on strong Q1 results

Shares of Tata Chemicals gained nearly 9 per cent in morning trade on Wednesday after the company posted strong first-quarter earnings

Tata Chemicals

Press Trust of India  |  New Delhi 

Photo: Bloomberg

Shares of gained nearly 9 per cent in morning trade on Wednesday after the company posted strong first-quarter earnings.

Shares of opened on a bullish note at Rs 999.95, then gained further ground to touch Rs 1,043, registering a jump of 8.96 per cent over its previous close.

On the NSE, the stock opened at Rs 1,015, then climbed to Rs 1,038.05, higher by 8.47 per cent over its last close.

on Tuesday reported an 86.25 per cent increase in consolidated net profit to Rs 637 crore during the quarter ending June 30.

The company's net profit stood at Rs 342 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing.

Revenue from operations rose 34.15 per cent during the quarter under review at Rs 3,995 crore, compared to Rs 2,978 crore in the same period of last fiscal.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, August 10 2022. 12:20 IST