Though Tata Chemicals has an ambition to incrementally increase its presence in specialty chemicals, the basic chemicals segment, which forms 75-80% of the revenue, will continue to influence the financials in the medium term.
MCX shares gain 3%, surge 12% in just 5 sessions. What’s behind the sharp rally?
MCX shares rose sharply on Wednesday, extending a five-day rally with total gains of 12%. The surge is driven by rising commodity prices and higher