Vertex will supply TCE with hydrogen as the manufacturer continues to decarbonise its operations in the UK with a target of achieving "net zero" manufacturing by 2030
Analysts believe that prices and demand will remain stable in the near term while increase in energy prices and feedstock (limestone, coke and raw salt) remains a key concern.
Stocks to watch today: Maruti Suzuki, Vedanta will report the July-September quarter (Q2FY23) results on Friday, October 28; SBI Card reported 52 per cent YoY jump in net profit Rs 526 crore in Q2FY23
Tata Chemicals on Thursday reported nearly three-fold jump in consolidated net profit at Rs 628 crore for September quarter 2022-23 on strong income. The company had clocked Rs 221 crore profit in the same quarter a year ago, according to a regulatory filing. Net income rose 39.62 per cent to Rs 4,299 crore as against Rs 3,079 crore in the year-ago period. Expenses increased to Rs 3,623 crore from Rs 2,805 crore. The company's stock settled 0.67 up at Rs 1,188.05 on the BSE on Thursday.
CLOSING BELL: Tata Steel, Power Grid, Sun Pharma, Axis Bank, Bharti Airtel, Kotak Bank, M&M, HDFC, Dr Reddy's Labs, and Titan were the leading winners
Stocks to watch today: SBI Cards, Indus Towers will report July-September quarter results on Thursday, October 27; Sony India and Zee Ent plan to sell 3 Hindi channels to address anti-competition
The delegation is visiting India as a part of Australia India Business Exchange (AIBX) programme. The delegation of companies will be led by the Australian Trade and Investment Commission (Austrade).
Ambuja Cements, Ceat, Eicher Motors, Pidilite Industries, Tata Chemicals, Torrent Power and Wockhardt are few of the prominent stocks holding on to the bullish outlook.
An anticipated reduction in imports and the ongoing programs on driving cost reductions and efficiencies will likely yield benefits in margins
Shares of Tata Chemicals gained nearly 9 per cent in morning trade on Wednesday after the company posted strong first-quarter earnings
The performance for the quarter was largely led by improved soda ash realisations across all geographies, which led strong top line growth for the quarter, said ICICI Securities.
The company's net profit stood at Rs 342 crore in the corresponding quarter of the previous fiscal, Tata Chemicals said in a regulatory filing.
Tata Chemicals' consolidated turnover for financial year 2021-22 (FY22) grew 24 per cent to Rs 12,622 crore over the previous year
Tata Steel, Tata Power Company, Tata Exlsi, Tata Chemicals and Tinplate Company of India traded at ex-dividend adjusted price on Wednesday.
The management said the operating performance reflects higher volumes, realisations, and favorable market conditions.
Tata Chemicals on Thursday reported a 69.39 per cent growth in consolidated profit after tax (PAT) to Rs 340 crore for the quarter ended December 31, 2021. The company's PAT had stood at Rs 200.72 crore during the corresponding quarter last year, Tata Chemicals said in a regulatory filing. Its revenue from operations during October-December 2021 jumped 20.54 per cent to Rs 3,141.58 crore, compared with Rs 2,606.08 crore in the year-ago period. The firm's consolidated gross debt stood at Rs 6,937 crore, compared with Rs 7,108 crore as on September 30, 2021. Tata Chemicals Managing Director and CEO R Mukundan said, "With the re-opening of businesses in all markets, the overall demand environment continues to be positive." He added that while this positive demand momentum is expected to continue, the input supply-side environment especially energy costs remains high compared to historical levels, and supply chain challenges continue to be seen in the market. The company continues wi
Repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent
Tata Chemicals Ltd posted an 88 per cent jump in its consolidated net profit to Rs 248 crore in second quarter of the FY2021-22, mainly due to a rebound in soda ash volumes in the US and India.
Shares of Tata Motors DVR were locked at the 20 per cent upper circuit, while Tata Motors too surged nearly 20 per cent in intra-day trade on the BSE today
With the business environment steadily improving, the company is well-positioned to grow across customer segments, the management said.