Tata Chemicals witnessed a 4.5% decline in shares, hitting a day’s low of Rs 1,050 on BSE. This drop followed the company’s announcement of its first quarterly loss in nine years. Kotak Institutional Equities issued a ‘sell’ rating on the stock, setting a target price of Rs 770, indicating a potential downside of nearly 29%.
Kaynes’ strength in mainstays to keep its stock at a premium
Mysuru-based Kaynes Technology’s revenue grew by 75% year-on-year to ₹637 crore in the March quarter which helped the full-year revenue to grow by 60% to
May 21, 2024