ICICI Direct has given Buy recommendation for Tata Chemicals with a target price of Rs. 1155 in its research report issued on May 02, 2022

ICICI Direct’s research report on  Tata Chemicals

Commencing operations in 1944, Tata Chemicals has come a long way to become one of the top five players in the global soda ash market. • Under basic chemical, TCL offers soda ash, sodium bicarbonate, cement, salt, marine chemicals and crushed refined soda. Speciality chemical consists of solution towards agro chemical through Rallis and other specialty solutions such as nutritional products and HDS • Basic chemical forms 75% of overall revenue while the rest comes from speciality products.


We revise our rating on the stock from HOLD to BUY due to better soda ash pricing environment. We value Tata Chemicals at SOTP valuation to arrive at a revised target price of Rs 1155/share (earlier Rs 1035/share).

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