Tata Chemicals soaring towards Rs 500 and beyond ~ Fertiliser Business Sale Fertilising!?

Tata Chemicals’ on the Roll ! up @ 18% this month ! including the 6%+ run up today on highest volumes this month

As this month of July began I was quoted by Economic Times on July 1,2015 itself in their headline story on Tata Chemicals

Quoted By Economic Times For My US $ One Billion Valuation Of Fertliser Business Of Tata Chemicals

The Share Price which was at Rs 415 -Rs 420 levels as June closed shot up past Rs 430 with heavy NSE Volumes of over 1 million shares before dropping back

But look at today’s NSE Volumes of over 2 Million shares,coming on the back of two consecutive days of over 0.6 million shares each day !

Share Price has zoomed to a high of Rs 495 before settling lower at Rs 487+

Have highlighted the abnormal Volume Days in Bold Green so far in July

Date

Close in Rs

Trade Volume

16-Jul-2015

487.60

20,96,459

15-Jul-2015

460.20

6,17,554

14-Jul-2015

449.25

6,06,401

13-Jul-2015

444.00

2,17,645

10-Jul-2015

442.05

1,51,916

09-Jul-2015

442.55

2,17,263

08-Jul-2015

437.95

3,43,375

07-Jul-2015

449.25

3,44,147

06-Jul-2015

441.30

3,00,353

03-Jul-2015

434.60

1,36,190

02-Jul-2015

434.00

2,07,201

01-Jul-2015

437.10

10,19,711

30-Jun-2015

420.90

2,00,767

It’s also quoted in the F & O Segment with a Contract Lot of 500 !

Clearly a lot seems to be fertilising on the fertiliser segment sale by Tata Chemicals ! and I’ve opined for a year now that they must sell this low returns business segment if they get a good Valuation and they will ! and the Share Price consequently can move up very strongly even from here !

Disclaimer : Tata Chemicals was recommended to clients in January 2015 as a SS 2 Select and we would have an interest in it

 

Leave a Reply

Your email address will not be published. Required fields are marked *